Which of the following 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

Inflation is the measure of decrease in the value of money, expressed as the percentage reduction in value since the previous year. It is a common economic indicator used to measure the changes in the prices of goods and services over time. Recession, depression, and consumer break-even are not measures of the decrease in the value of money.

Which of the Following Is a Measure of the Decrease