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9. Prices have increased according to the Consumer Price Index. What does this mean? GDP has decreased. b. Inflation has increased. c. Unemployment has increased. d. Taxation ha…

9. Prices have increased according to the Consumer Price Index. What does this mean? GDP has decreased. b. Inflation has increased. c. Unemployment has increased. d. Taxation ha…
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9. Prices have increased according to the Consumer Price Index. What does this mean?

GDP has decreased.
b. Inflation has increased.
c. Unemployment has increased.
d. Taxation has decreased.

asked
User Psychonaut
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8.3k points

1 Answer

6 votes
B. Inflation has increased

This is because inflation is the general increase in prices and fall in the purchasing value of money.
answered
User Michael Sivolobov
by
8.2k points
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