Question

Which situation best illustrates the effects of inflation?
A. A factory lowers its employees' wages to $8 per hour.
B. The price of beef at a store rises by $2 a pound over five years.
C. A business owner receives a $10,000 loan from a bank.
D. A fashion company lowers the price of its outfits by 20 percent.

Answer 1

Answer:

B. the price of beef

Explanation:

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Answer 2

Statement that describes effects of inflation as regards this question is : B:The price of beef at a store rises by $2 a pound over five years.

• Inflation can be regarded as a measure of the rate of rising prices of goods as well as services in an economy.

• Option A,C,D are only referring to reduction, which us contrary to inflation, but option B discuss about how price of beef goes up.

Therefore, option B is correct.

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