Question

What is inflation? Explain the types of inflation.

Answer 1

Answer :-

Inflation is when the prices of goods and services increase.

There are four main types of inflation, categorized by their speed. They are :

1. Creeping

2. Walking

3. Galloping

4. Hyperinflation

Hope it Helps !!!!

Answer 2

Answer:

it is sustained increase in general price level of goods and services in an economy over period of time