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  • 01-06-2020
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What is an inflation in economics?

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JainIsHere JainIsHere
  • 01-06-2020

Answer:

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services is an economy increases over some period of time. Often expressed as a percentage inflation does indicates a decrease in the purchasing power of nation's currency.

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