___ is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in price levels.
A
inflation
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B
Inflation
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C
High-powered money
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D
Stagflation
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Solution
The correct options are A
inflation
B
Inflation
Inflation refers to the increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in price levels.