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11-04-2016
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Answered

What is the term for the rise in prices of consumer goods?

a)Unemployment

b)Inflation

c)Gross Domestic Product

d)Entitlement

Verified Answer :

14-04-2016

The term for the rise in prices of consumer goods would be inflation - b.

Inflation denotes the rise of prices in relation to the amount of money that is being printed. When we have an inflation, our currency effectively has less value.

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