Which of the following economic terms describes an increase in product price without the increase of money's worth? a) inflation b) fiat currency c) deflation d) gold standard

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27-03-2015
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Which of the following economic terms describes an increase in product price without the increase of money's worth? a) inflation b) fiat currency c) deflation d) gold standard

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Аноним Аноним · Answer 1 · 2015-03-27T22:50:06-04:00

Аноним Аноним

27-03-2015

A.
inflation because that means that money is starting to loose it's value so you have to give more of it even though it technically cost the same amount.

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Straya Straya · Answer 2 · 2015-03-28T00:03:16-04:00

Straya Straya

28-03-2015

A) (should be called 'Hyperinflation') because the value of money decreases while expenditures (food, rent, clothes etc) remain the same. A great example of this is what happened in Germany WW2

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