The economic condition that results from a continual rise in prices, or what some people call "too much money chasing too few goods" is .
Question
The economic condition that results from a continual rise in prices, or what some people call "too much money chasing too few goods" is .
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Solution 1
The economic condition that results from a continual rise in prices, or what some people call "too much money chasing too few goods" is known as inflation.
Here are the steps to understand this:
- In economics, prices rise when the demand for goods and services exceeds their supply. This can hap Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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