Question

Short note on Inflation​

Answer 1

Answer:

Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Hyperinflation is unusually rapid inflation in very short span of time.

Answer 2

Answer:

Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services.

Explanation:

Inflation is the decline of purchasing power of a given currency over time. ... The rise in the general level of prices, often expressed a a percentage means that a unit of currency effectively buys less than it did in prior periods.