inflation is best defined as group of answer choices a sustained increase in the price of all goods and services in an economy. a sustained increase in the price of a single good or service. a sustained increase in the average of all prices of goods and services in an economy. a relative price increase. g

Inflation is the augment in the prices of goods and utility in an economy. As the general price level increased, every currency unit buys some goods and utility. Respectively, inflation correlate to a decrease in the buying power of money. The Value of money drop and the prices of goods and utility increase. The value of money and buying power of consumers are related very closely. They both of get down and inflation increased. Inflation is the rate of rises in prices over a period of time. Inflation is generally a broad measure, such as a general rise in prices or a rise in the cost of living in a country.

Thus the best definition which clearly shows the real image of inflation is "a experienced rise in the price of all goods and utility in an economy."

To know more about Inflation refer to:

https://brainly.com/question/777738

#SPJ4