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    Business
  3. Study Set
    Economics An Introduction
  4. Exam
    Exam 50: Inflation
  5. Question
    Inflation Is Defined as
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Inflation Is Defined as

Question 3

Question 3

Multiple Choice

Inflation is defined as


A) an increase in the quantity of goods in the consumer's basket.
B) an increase in the level of GDP.
C) an increase in the price of an important good like gasoline.
D) an increase in the overall level of prices.

Correct Answer:

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