Anonymous Anonymous

21-08-2014
Business

Answered

please help I need a great explanation for what is inflation in terms of economics.

Verified Answer :

21-08-2014

Inflation may be defined as when a lot of money can only buy a little quantity of goods or services. In other words, prices are ridiculously high.

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Anonymous Anonymous

21-08-2014

Simple version.

Inflation: A general rise in the price of goods and services.

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