______________ is a rise over time in the price of goods and services. This rise is often accompanied by a decline in the value of currency, which affects the purchasing power of money.

Question

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Inflation is the rise in the general price level of goods and services over time. It results in the decrease in the purchasing power of money, meaning that it takes more money to purchase the same amount of goods and services. This is often caused by an increase in the money supply or a decrease in the supply of goods and services.

______________ Is a Rise Over Time in the Price of Goods