Inflation is a general rise in the level of prices experienced by people in a nation.

Name: Inflation is a general rise in the level of prices experienced by people in a nation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation is defined as a general rise in the level of prices for goods and services in an economy over a period of time, resulting in a decrease in the purchasing power of currency. This increase in prices is experienced by people in a nation, causing a reduction in the value of money. Therefore, statement A is true.

Inflation Is a General Rise in the Level of Prices