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10 December, 11:55

What is the term for the rise in prices of consumer goods?

a) Unemployment

b) Inflation

c) Gross Domestic Product

d) Entitlement

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  1. 10 December, 12:00
    0
    The term for the rise in prices of consumer goods would be inflation - b.

    Inflation denotes the rise of prices in relation to the amount of money that is being printed. When we have an inflation, our currency effectively has less value.
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