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    Question

    A rise in the general level of prices in an economy is

    termed as?
    A Inflation Correct Answer Incorrect Answer
    B Deflation Correct Answer Incorrect Answer
    C Stagflation Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Inflation is the rate of increase in prices over a given period of time. Inflation  is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.

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