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This is an economic condition in which the money supply is increasing faster than the supply of goods and services:
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] When the price level rises, each unit of currency buys fewer goods and services; consequently, [ inflation is also an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. ]
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Asked 2/15/2012 2:10:50 PM
Updated 70 days ago|9/28/2023 12:25:54 AM
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This is an economic condition in which the money supply is increasing faster than the supply of goods and services:
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Inflation is an economic condition in which the money supply is increasing faster than the supply of goods and services.
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Added 70 days ago|9/28/2023 12:25:54 AM
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The fourth point of building an economy is to see what communications are available. True False
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The fourth point of building an economy is to see what communications are available. FALSE.
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