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Economists use the term inflation to describe a situation in which: 
 
(i) incomes in the economy are increasing.
(ii) stock market prices are rising.
(iii) the overall level of prices in the economy is increasing.
(iv) the economy is growing rapidly. 

 

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Reid Wolff
Reid WolffLv2
5 Feb 2020

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Solvit Regular
28 Jul 2020

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