inflation is steadily increasing price levels.

question 4 options:
true
false

The correct answer is True.

Explanation:

Inflation causes a country's currency to decrease its value. This results in the value of the products and services being constantly increasing.

What you bought with 1 dollar 20 years ago, is not the same as you can buy today, and that is thanks to inflation.

The inflation rate is measured by comparing the increase or decrease in the price of a product over the course of a specific period of time, such as a year or a month.

This percentage is what establishes the price that this product will have, for example: if the rate of a product that costs 10 dollars is 5% per year, then next year that product will cost 5% more, that is, it will cost 10.50 dollars.

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