Inflation is a measure of the decrease in the value of money,expressed as the percentage reduction in value since the previous year.

Question

Quizplus · Accepted Answer

This statement is true. Inflation is a measure of the decrease in the purchasing power of money over time. It is calculated as the percentage increase in the general price level of goods and services in an economy over a specific period of time, typically one year.

Inflation Is a Measure of the Decrease in the Value