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Which statement best describes inflation? A. Inflation decreases the amount of goods and services that can be purchased with a dollar. B. Inflation increases the amount of goods and services that can be purchased with a dollar. C. Inflation increases the purchasing power of a dollar. D. Inflation decreases the prices of goods and services. E. Inflation doesn’t affect the prices of goods and services but increases wages.

Respuesta :

Answer:

A. Inflation decreases the amount of goods and services that can be purchased with a dollar.

Step-by-step explanation:

Inflation is the rise in the price of goods and services over time.  In other words, a dollar earned today will be worth less in the future.

The statement best describe the inflationn is A. Inflation decreases the amount of goods and services that can be purchased with a dollar.

What is inflation?

Inflation is the rise in the price of goods and services over time.

In other words, we can say that it is a dollar earned today will be worth less in the future.

A common type of inflation are;

a. demand-pull inflation.

b. demand and supply inflation

Therefore, Inflation decreases the amount of goods and services that can be purchased with a dollar.

Hence, Option A is right answer.

Learn more about Inflation, click here;

https://brainly.com/question/15692461

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