Inflation is a fall in the
A) average price level.
B) value of money.
C) number of people looking for work.
D) final value of all products and services produced.
E) number of people employed.

Question

Quizplus · Accepted Answer

Inflation is a decrease in the value of money, which results in an increase in the general price level of goods and services in an economy. Therefore, option B, which states that inflation is a fall in the value of money, is the correct answer.

Inflation Is a Fall in the