What is inflation and why did it occur?

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asked Nov 23, 2020 160k views

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Tom Rudge · Answer 1 · 2020-11-28T18:21:59+0000

Answer: Inflation is the increase of the general price levels on goods over a period of time. It occurs when the production of goods can't meet consumer demand so, services increase to outstrip the supply.

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What is inflation and why did it occur?

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