What is inflation?What causes inflation?Is inflation 'good' or 'bad' for the economy?
Question
Solution 1
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Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.
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Inflation is caused by a variety of factors Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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