Which statement best describes inflation? A. Inflation decreases the amount of goods and services that can be purchased with a dollar. B. Inflation increases the amount of goods and services that can be purchased with a dollar. C. Inflation increases the purchasing power of a dollar. D. Inflation decreases the prices of goods and services. E. Inflation doesn't affect the prices of goods and services but increases wages.

Question

Mathematics

Octavio Peck

Yesterday, 21:02

Which statement best describes inflation? A. Inflation decreases the amount of goods and services that can be purchased with a dollar. B. Inflation increases the amount of goods and services that can be purchased with a dollar. C. Inflation increases the purchasing power of a dollar. D. Inflation decreases the prices of goods and services. E. Inflation doesn't affect the prices of goods and services but increases wages.

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Pierre Sanford · Answer 1

A. Inflation decreases the amount of goods and services that can be purchased with a dollar.

Step-by-step explanation:

Inflation is the rise in the price of goods and services over time. In other words, a dollar earned today will be worth less in the future.