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Inflation and CCI questions with correct answers
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The main result of inflation is increasing consumer demand. reducing the purchasing power of the dollar. pushing most prices down. making everyday products unaffordable. Answer reducing the purchasing power of the dollar. Which of the following is a true statement regarding inflation: It is always caused by consumer demand. It is a general trend in which some prices may go down. It does not affect everyone in the economy. It harms businesses and the economy. Answer It is a general trend in which some prices may go down. "Too much cash chasing too few goods" is a description of cost-push inflation. demand-pull inflation. hyperinflation. deflation. Answer demand-pull inflation.
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- Cci
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- September 5, 2023
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- Written in
- 2023/2024
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