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What Is Inflaition? |
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Answer» In economic terms, inflation is the rise in the prices of goods and services in the GIVEN economy over a PERIOD of TIME. As the prices rise, each unit of the country's currency will buy fewer goods and services. In economic terms, inflation is the rise in the prices of goods and services in the given economy over a period of time. As the prices rise, each unit of the country's currency will buy fewer goods and services. |
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