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Inflation and Consumers

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What is inflation and how does it affect consumers? Is inflation always bad? Describe a situation where inflation is positive.

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What is inflation and how does it affect consumers? Is inflation always bad? Describe a situation where inflation is positive?

Inflation is when there is an increase in the level of prices for goods and services in an economy. This is in a particular defined period of time.

Inflation has a major ...

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