Question
Pick the correct statement. Inflation is:
CHOOSE 1
The cost of lending or borrowing money
The rate by which the cost of goods and services increase over time
The rate by which your net worth increases over time
The rate by which interest increases over time
There are no correct statements. All statements are incorrect
CHOOSE 1
The cost of lending or borrowing money
The rate by which the cost of goods and services increase over time
The rate by which your net worth increases over time
The rate by which interest increases over time
There are no correct statements. All statements are incorrect
Answers
Answered by
GPT-4o
The rate by which the cost of goods and services increase over time
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