What happens during inflation?
AThere is a drop in the price of goods and servicesincorrect answer
BThe government takes over the management of the national economyincorrect answer
CA nation's currency loses valueincorrect answer
DGoods and services are rationedincorrect answer
C. A nation's currency loses value
During inflation, the value of a nation's currency decreases, causing prices of goods and services to rise. This decrease in purchasing power can lead to higher costs for consumers and businesses.