Answered

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Which situation best illustrates the effects of inflation?

A. A factory lowers its employees' wages to $8 per hour.

B. A restaurant owner sells her business for $200,000,

C. The cost of rice at a market rises by 20 percent over three years.

O

D. An entrepreneur receives a $10,000 loan from a bank.

Sagot :

Answer: C: The cost of rice at a market rises by 20 percent over three years.

Explanation:

inflation is a measure of the rate of rising prices of goods and services in an economy.

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