________ is an increase in the price of a collection of goods that represent the overall economy.

Name: ________ is an increase in the price of a collection of goods that represent the overall economy.
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Question

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Inflation is an increase in the overall price level of goods and services in an economy over time. It means that the purchasing power of money is reduced since it now takes more money to buy the same amount of goods and services.

________ Is an Increase in the Price of a Collection