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Which economic problem is characterized by a high level of output, employment, and rising demand and prices?
  • a)
    Inflation
  • b)
    Unemployment
  • c)
    Recession
  • d)
    Depression
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which economic problem is characterized by a high level of output, emp...
Inflation is an economic problem characterized by a high level of output, employment, and rising demand and prices. It can negatively impact the purchasing power of individuals and businesses.
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Which economic problem is characterized by a high level of output, employment, and rising demand and prices?a)Inflationb)Unemploymentc)Recessiond)DepressionCorrect answer is option 'A'. Can you explain this answer?
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