It is true that inflation is a ________.

Question

Quizplus · Accepted Answer

Inflation refers to a continual increase in the price level, resulting in a decrease in the purchasing power of money. This can be caused by various factors such as an increase in the quantity of money in circulation, rising production costs, and high demand for goods and services. Inflation is typically measured using the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of goods and services over time.

It Is True That Inflation Is a ________