Which of the following best defines inflation?

a. The rapid increase in the price of a specific good, such as gasoline

b. A general, sustained upward movement of prices for goods and services in an economy

c. The fluctuation in revenue and expenditures caused by Congress and the president

d. An increase in the national debt caused by ongoing deficit spending

Question

Social Studies

Karley Salas

18 March, 21:13

Which of the following best defines inflation?

a. The rapid increase in the price of a specific good, such as gasoline

b. A general, sustained upward movement of prices for goods and services in an economy

c. The fluctuation in revenue and expenditures caused by Congress and the president

d. An increase in the national debt caused by ongoing deficit spending

+4

Answers (1)

Know the Answer?

Jessica Goodwin · Answer 1

The correct answer for the definition of inflation is Option B: A general sustained upward movement of proces for goods and servies in an economy.

Explanation:

When a country find themselves in inflation that means that the economy is not in a good place because peoples earning are not enought to cover the high prices.