Question

Inflation is:

an increase in certain important prices in the economy.
a once-off increase in prices in general.
a rapid increase in the quantity of money.
a sustained increase in prices in general.
too much money chasing too few goods.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Inflation is a sustained increase in prices in general. It is typically caused by various factors such as an increase in demand, supply shortages, or increases in production costs.