alleryMatch inflation term: 1. General: p. P rises 2. Money: q. Buys less 3. Power: r. Real loss
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Inflation is an ongoing increase in the general price level which reduces the purchasing power of money.
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