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What is inflation?
  • a)
    Increase in the overall level of prices
  • b)
    Decrease in the overall level of prices
  • c)
    Increase in the overall level of unemployment
  • d)
    Decrease in the overall level of unemployment
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is inflation?a)Increase in the overall level of pricesb)Decrease ...
Inflation is the increase in the general price level of goods and services in an economy over time. It reduces the purchasing power of money, as each unit of currency buys fewer goods and services.
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What is inflation?a)Increase in the overall level of pricesb)Decrease in the overall level of pricesc)Increase in the overall level of unemploymentd)Decrease in the overall level of unemploymentCorrect answer is option 'A'. Can you explain this answer?
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