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What effect does inflation have on the prices of goods and services?

gretaportus150

What effect does inflation have on the prices of goods and services? A. Prices decrease.
B. Prices double.
C. Prices increase.
D. Prices stay the same.




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    1. Quizzma Team

      C. Prices increase.

      Inflation refers to the general rise in prices of goods and services over time. When inflation occurs, each unit of currency buys fewer goods and services, leading to an increase in prices. Therefore, the correct choice is that prices increase.

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