Inflation implies that the level of all prices:

A. decrease
B. stay the same
C. increase
D. none of the above

Question

10-07-2024
Social Studies

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Inflation implies that the level of all prices:

A. decrease
B. stay the same
C. increase
D. none of the above

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-10T22:26:34-04:00

GinnyAnswer GinnyAnswer

10-07-2024

Final answer:

Inflation implies an increase in the average level of prices in an economy.

Explanation:

Inflation is a general and ongoing rise in the level of prices in an entire economy. It implies an increase in the average level of prices. Inflation does not refer to changes in individual prices but rather the overall trend of rising prices.

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