joceboolohry4717 joceboolohry4717

16-04-2019
Business

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The term inflation is used to describe a situation in which
a. the overall level of prices in the economy is increasing.b. incomes in the economy are increasing.c. stock-market prices are rising.d. the economy is growing rapidly.

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MrsSeifried MrsSeifried

18-04-2019

Answer: The correct answer is Choice A.

Explanation: The term inflation is used to describe a situation in what the overall level of prices in the economy is increasing.

The measure of inflation is the Inflation Rate. This is the annualized percentage change in a general price index (usually the consumer price index) over time.

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