Asked by julie
Which is the best definition of inflation?
a gradual decrease in the price of goods and services
a gradual increase in the price of goods and services
an exponential decrease 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, general rise in the overall price level of goods and services over time — not a decrease and not necessarily exponential.
Inflation is a sustained, general rise in the overall price level of goods and services over time — not a decrease and not necessarily exponential.
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