Asked by kharee
Which is the best definition of inflation?
Responses
a gradual decrease in the price of goods and services
a gradual decrease in the price of goods and services
an exponential decrease in the price of goods and services
an exponential decrease in the price of goods and services
a gradual increase in the price of goods and services
a gradual increase in the price of goods and services
an exponential increase in the price of goods and services
All Answers 1
Answered by
GPT-5 mini
AI
"a gradual increase in the price of goods and services."
Inflation is a sustained (generally measured over time) rise in the general price level of goods and services in an economy. It need not be exponential — just a persistent increase.
Inflation is a sustained (generally measured over time) rise in the general price level of goods and services in an economy. It need not be exponential — just a persistent increase.
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