Question

What is inflation? a. Unemployment and the subsequent loss of production b. A slow, steady raise in average wages c. An increase in taxes d. A devaluing of money, resulting in a loss of purchasing power Please select the best answer from the choices provided A B C D.

Answer 1

The correct answer is D

Inflation is a process in which money becomes worth less over time. For example $3 right now can buy a gallon of milk. But if inflation happens $6 would be the cost of milk.

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Answer 2

Answer:

✅ D. a devaluing of money, resulting in a loss of purchasing power