Inflation Is Defined as

question 60

Multiple Choice

Inflation is defined as

• A)a period of rising productivity in the economy.
• B)a period of rising income in the economy.
• C)an increase in the overall level of output in the economy.
• D)an increase in the overall level of prices in the economy.

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Definitions:

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The process of making the best or most effective arrangements or preparations for a specific purpose.

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