What is inflation?

When the price of goods and services increase.

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When the price of goods and services decreases.

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When the price of goods and services remain constant.

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All of above

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Solution

The correct option is A When the price of goods and services increase.
Inflation is a phenomenon where there is a rise in the general price level in the country.

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Q. Inflation is the general increase in the price levels of goods and services in an economy

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What is inflation?

The correct option is A When the price of goods and services increase.Inflation is a phenomenon where there is a rise in the general price level in the country.

The correct option is A When the price of goods and services increase.
Inflation is a phenomenon where there is a rise in the general price level in the country.