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When you were a child, you used to get a kulfi at Rs. 10. Now the same kulfi costs Rs. 20. This phenomenon can be related to
When you were a child, you used to get a kulfi at Rs. 10. Now the same kulfi costs Rs. 20. This phenomenon can be related to
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Solution
The correct option is C inflation
Inflation is the general increase in prices of goods and commodities and a decrease in the purchasing power of money over time.
Inflation is the general increase in prices of goods and commodities and a decrease in the purchasing power of money over time.
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