Inflation is the general increase in the price levels of goods and services in an economy

True

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False

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Solution

The correct option is A True

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Similar questions

During inflation, the increase in the prices of goods and services decreases the value of

(I) Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%.

(II) Disinflation is the same phenomenon as deflation.

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