Economics · Inflation and Monetary Policy
Inflation refers to a situation of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in the government's fiscal deficit
- 2Continuous increase in the real Gross Domestic Product (GDP)
- 3Rise in the price of a single essential commodity
- 4Sustained increase in the general price level of goods and services✓
Correct answer
Sustained increase in the general price level of goods and services
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