Inflation and Consumer Price Index (CPI) - Introduction

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Multiple Choice

What is inflation?

  1. A sustained increase in the general price level of goods and services in an economy over time.
  2. A decrease in the general price level of goods and services in an economy over time.
  3. A measure of the change in the cost of living over time.
  4. A measure of the change in the value of money over time.
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