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When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.

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Joesph Kling

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3y ago

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Related Questions

What happens when there is an increase in price for good and services combined with a reduction in the value money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


What happens when there is an increase in prices for goods and services combined with a reduction in the value of money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


What happens when there is an increase in price for good and service combined with a reduction in the value of money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


What happens when there is an increase in prices for good and service combined with a reduction in the value of money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


A drastic drop in the value of money coupled with a rise in prices?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


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