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What may inflation be defined as?

Updated: 4/28/2022
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In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.(In practice, the term monetary inflation is used to specifically refer to an increase in the money supply.)

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In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] (In practice, the term monetary inflation is used to specifically refer to an increase in the money supply.)

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