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    Modern Principles of Economics
  4. Exam
    Exam 12: Inflation and the Quantity Theory of Money
  5. Question
    Inflation Is Best Defined as an Increase In
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Inflation Is Best Defined as an Increase In

Question 80

Question 80

Multiple Choice

Inflation is best defined as an increase in:


A) the real price of a good or service.
B) the price of one product relative to the price of another product.
C) all prices in an economy.
D) the average price level.

Correct Answer:

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