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ECONOMICS MANAGEMENT SCIENCES

University of South Africa (Unisa)

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Assign 2 semester 2 2024 OTE 2601 Economics

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    Assign 2 semester 2 2024 OTE 2601 Economics

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    27
    July 2024
    2023/2024
  • QUESTION 1 Inflation is the word used to indicate a drop in the buying power of money as a result of a general rise in prices of goods and services. In simple terms, inflation is an increase in prices over a period of time. Inflation is what makes your money worth less over time – it is your money’s biggest enemy. It reduces the buying power of money month by month and year by year. 1.1 How does inflation affect the consumer? Elaborate on the most important characteristics of inflation [25...
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