What is inflation? - ProProfs Discuss
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What is inflation?



A. The % relative change in the price level over the preceding twelve months
B. The increase in average prices in the retail sector
C. The rise in labor costs over the last year
D. The percentage expansion of the economy over the last year

This question is part of Numeracy Test
Asked by Mfassihimhv, Last updated: Dec 05, 2017

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1 Answer

John Smith

John Smith

Answered on May 25, 2017

The % relative change in the price level over the preceding twelve months
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