Social Sciences, asked by MissJenifer, 2 months ago

what is inflation ??​

Answers

Answered by divyanshigola17
1

Answer:

Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time.

Answered by Neency
15

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A continuous rise in the price level is called inflation

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