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Question
In common meaning, inflation is a condition in which _____.
In common meaning, inflation is a condition in which _____.
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Solution
The correct option is D price of commodity increases and value of money decreases
Inflation is the rate at which the general level of prices
for goods and services rise and, consequently, the purchasing powerof currency falls. Central banksattempt to limit inflation and avoid deflation in order to keep the economyrunning smoothly.
Inflation is the rate at which the general level of prices for goods and services rise and, consequently, the purchasing powerof currency falls. Central banksattempt to limit inflation and avoid deflation in order to keep the economyrunning smoothly.
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