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Question
24 multiple choice 2 points what does inflation mean? the amount people spend on products the amount people spend on things the price of things going down the rising cost of goods and services
Brief Explanations
Inflation is defined as the general increase in the prices of goods and services over time, resulting in a decrease in the purchasing - power of money. It is not about the amount spent but about the rising cost of goods and services.
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The rising cost of goods and services