What is Inflation? - SlideServe
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What is Inflation? - SlideServe
What is Inflation?. Inflation is rising general level of prices Inflation reduces the “purchasing power” of money Examples: It takes $2 to buy what $1 bought in 1982 It takes $6 to buy what $1 bought in 1961. When inflation occurs, each dollar of income will buy fewer goods than before.
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