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    Money Banking and Financial Markets Study Set 2
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    Exam 21: Output, Inflation, and Monetary Policy
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    To an Economist, the Term "Inflation" Refers To
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To an Economist, the Term "Inflation" Refers To

Question 22

Question 22

Multiple Choice

To an economist, the term "inflation" refers to:


A) Any price increases
B) A continually rising price level
C) A one-time change in the average price level
D) Increases in prices of important goods like food and energy

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