Ask Question
20 July, 14:37

What is an inflation in economics?

+5
Answers (1)
  1. 20 July, 15:49
    0
    Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services is an economy increases over some period of time. Often expressed as a percentage inflation does indicates a decrease in the purchasing power of nation's currency.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is an inflation in economics? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers