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Irina18 [472]
3 years ago
9

An increase of currency in relation to the amount of goods available resulting in higher prices is called

History
2 answers:
Sergeu [11.5K]3 years ago
7 0

Inflation consists on a sustained increase in the general price level of goods and services in an economy over a period of time.  Inflation means a reduction in the purchasing power per unit of money, that is a loss of real value.

However, deflation increases the value of currency over time as it consists on a decrease in the general price level of goods and services.

Lorico [155]3 years ago
3 0
Inflation is the rising of prices of goods which results in the fall of value for money
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