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25-03-2020
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Economists use the term inflation to describe a situation in which

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Dryomys Dryomys

27-03-2020

Answer:

Inflation is a term that is used to describe the increase in the price level of the goods and services from the previous year. Inflation is directly related with the level of money supply in the economy. Inflation rate in a particular economy is calculated with the help of consumer price index of current year and consumer price index of the base year.

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