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Good day

can you answer this ECON question please!!!
Asap!!!
- Relate three things, citizens should be aware of when inflation occurs.

User Getz
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Answer:

• Inflation is the sustained and broad rise in the prices of goods and services over time, which erodes purchasing power.

• Inflation is generally caused by an imbalance in supply and demand, supply shocks, and inflation expectations.

• A small but positive inflation rate is economically useful, while high inflation tends to feed on itself and impair the economy's long-term performance

User Karen Payne
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