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defintion of inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
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Asked 11/3/2010 3:20:07 PM
Updated 5/18/2014 2:22:07 PM
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In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Added 5/18/2014 2:22:07 PM
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The overall general upward price movement of goods and services in an economy (often caused by a increase in the supply of money), usually as measured by the Consumer Price Index and the Producer Price Index. Over time, as the cost of goods and services increase, the value of a dollar is going to fall because a person won't be able to purchase as much with that dollar as he/she previously could.

Added 11/3/2010 3:43:19 PM
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Questions asked by the same visitor
Definition of inflation.
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Updated 7/13/2018 10:07:10 PM
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Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.
Added 7/13/2018 9:43:14 PM
This answer has been confirmed as correct and helpful.
Confirmed by jerry06 [7/13/2018 10:06:58 PM]
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