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What is inflation? (2023)

Practice Questions

1 question
Q1
What is inflation? (2023)
  1. A decrease in prices
  2. An increase in the value of money
  3. A sustained increase in the general price level
  4. A measure of economic growth

Questions & Step-by-step Solutions

1 item
Q
Q: What is inflation? (2023)
Solution: Inflation is defined as a sustained increase in the general price level of goods and services in an economy over a period of time.
Steps: 0

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