What is inflation? A) A decrease in the general price level B) An increase in the general price level C) A decrease in the money supply D) An increase in the money supply
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What is inflation? A) A decrease in the general
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- Inflation can be defined as: a) A decrease in the general price level of goods and services b) An increase in the purchasing power of money c) A persistent increase in the general price level of goods and services d) A decrease in the money supplyDiscuss the costs associated with high inflation.compare between demand pull and cost push inflation
- Definition of inflationWhen there is deflation in the economy: a) the general price level becomes negative b) the general price level falls c) the general price level increases d) the inflation rate fallsDefine the term, “inflation” and indicate the index that is used to measure the rate of inflation.
