Multiple Choice
Which of the following correctly de?nes in?ation?
A) In?ation is the aggregated level of prices of essential goods in an economy.
B) In?ation is an absolute measure of the prices of all the goods produced in an economy.
C) In?ation is the average level of prices in an economy.
D) In?ation is the rate of change in the average price level in an economy.
Correct Answer:
Verified
Correct Answer:
Verified
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