Inflation means that each unit of currency will purchase a greater amount of goods and services than it previously could purchase.

Name: Inflation means that each unit of currency will purchase a greater amount of goods and services than it previously could purchase.
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Question

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Inflation means that the general price level of goods and services is increasing, and as a result, each unit of currency can purchase a lesser amount of goods and services as compared to before.

Inflation Means That Each Unit of Currency Will Purchase a Greater