Question

define the word inflation in the following sentece: like the wind under a child's runaway balloon, inflation pushed the prices higher and higher

Answer 1

#1 inflation = expand/increase

#2 inflation = a general increase in money supply which causes advances in price levels

Step-by-step explanation:

For #2: The government changed the definition of inflation. It used to be general increase in money supply. Now it is general increase in prices. The first definition is valid, but they changed the definition because the government didn't want people to know that they were the cause of inflation.