_inflation-what-inflation-luxury-watch-sale.jpg "Inflation? What Inflation? Luxury Watch Sale from what is deflation in economics Video Screenshot Preview")
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⏲ Duration: 32 sec
✓ Published: 09-Aug-2022
✓ Published: 09-Aug-2022
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Inflation? What Inflation?Luxury Watch SalennIn economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the
Inflation? What Inflation?Luxury Watch SalennIn economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the
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