Question

What is inflation?

A.
an increase in the supply of currency that reduces the currency's value
B.
a demand for more goods than can be met by production
C.
an increase in unemployment due to a serious recession
D.
an excess of goods that results in lower prices

Answer 1

The answer is B.

Step-by-step explanation:

Inflation is most often described as a shortage of high-demand goods or products that have expectations that cannot be met. This result is raised prices to assist with the production of the product.