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>>That is the economic definition of inflation. No it isn't. From Wikipedia: "In economics, inflation is a sustained increase in the general price level of go
by enraged_camel 11y ago
>>That is the economic definition of inflation.
No it isn't. From Wikipedia:
"In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy."
https://en.m.wikipedia.org/wiki/Inflation https://en.m.wikipedia.org/wiki/Inflation