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What is inflation? Movement, whether upward or downward, of economic activity Monetary value of final goods and services produced within a country for a specific time period. The rate at which the price
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10 votes
10 votes
What is inflation?

Movement, whether upward or downward, of economic activity

Monetary value of final goods and services produced within a country for a specific time period.

The rate at which the price level of goods and services rises.

A measurement used by economics to measures average prices of a market basket of consumer goods and services.

User JerSchneid
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1 Answer

15 votes
15 votes
What is inflation?

Monetary value of final goods and services produced within a country for a specific time period.
User Hedy
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