Economics · Inflation & Concepts
What is the correct definition of inflation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total value of all exported goods and services
- 2The total value of all imported goods and services
- 3A sustained increase in the general price level of goods and services✓
- 4The sum of the total value of all goods and services produced
Correct answer
A sustained increase in the general price level of goods and services
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