The term inflation is used to describe a situation in which a. the overall level of prices in the economy is increasing.b. incomes in the economy are increasing.c. stock-market p…

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Anbarasan · Answer 1 · 2020-10-10T21:21:48+0000

Answer: The correct answer is Choice A.

Explanation: The term inflation is used to describe a situation in what the overall level of prices in the economy is increasing.

The measure of inflation is the Inflation Rate. This is the annualized percentage change in a general price index (usually the consumer price index) over time.

The term inflation is used to describe a situation in which a. the overall level of prices in the economy is increasing.b. incomes in the economy are increasing.c. stock-market p…

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