Question

What is inflation?

When prices of goods and services go up

When prices of goods and services go down

When the government increases taxes

When people start saving more money

Answer 1

[AI-generated answer — Bot GPT 3.5]

Inflation is when the general level of prices in an economy increases over a period of time, resulting in a decrease in the purchasing power of currency. This means that individuals and businesses can buy fewer goods and services with the same amount of money.