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Inflation is best defined as:
  • a)
    An increase in the general price level
  • b)
    A decrease in the general price level
  • c)
    A fluctuation in the exchange rate
  • d)
    An increase in government spending
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Inflation is best defined as:a)An increase in the general price levelb...
Inflation refers to an increase in the general price level. It is characterized by a sustained rise in the prices of goods and services over time.
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Inflation is best defined as:a)An increase in the general price levelb)A decrease in the general price levelc)A fluctuation in the exchange rated)An increase in government spendingCorrect answer is option 'A'. Can you explain this answer?
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