What is inflation (please define in simple terms) and what causes inflation?
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Inflation is a general increase in the prices and a fall in the purchasing value of money.
causes of inflation ;
1. consumer confidence
2. decreases in supply and
3. corporate decisions
causes of inflation ;
1. consumer confidence
2. decreases in supply and
3. corporate decisions
puja14:
hope it helps
when unemployment is low and wages are stable, consumers are more confident and are more likely to spend money
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