Question

Identify the definition of inflation

There is less money in circulation, leading to lower prices and reduced demand for goods

Occurs when there is a lot of money in circulation, which makes it worth less and creates pressure to raise prices

An economic system in which people earn wages and buy the goods and services they choose

An economic system that relies on traditions and customs with trade and bartering of products

Answer 1

Inflation occurs when the price of a good goes up resulting in either more money printing or more poverty inflation

Answer 2

Occurs when there is a lot of money in circulation, which makes it worth less and creates pressure to raise prices