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What Does INFLATION Mean?INFLATION means "Rate of Increase in Prices."
Inflation is a term used in economics to refer to the rate of increase in prices over a given period of time. Inflation is measured in percentage increases across a year and represents a decrease in the purchasing power of money.
Causes of inflation include:
- Increases in demand for goods and services.
- Increases in public spending.
- Tax reductions.
- Wage increases.
Image for INFLATIONWhen I write INFLATION, I mean this: Inflation leads to a decrease in the purchasing power of money.
Summary of Key Points"Rate of Increase in Prices" is the most common definition for INFLATION on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
|Definition:||Rate of Increase in Prices|
2: Quite easy to guess
Example of INFLATION Used in a Text
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