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Answer to Question #255876 in Macroeconomics for Kaygee

Question #255876

Inflation rate


1
Expert's answer
2021-10-25T09:33:03-0400

The inflation rate refers to the increase in the general price level of both goods and services. It is the percentage change in the price index for a given period of time compared to that which was recorded in a given previous period. Its calculation is done yearly.


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