FIRST CONTACTS 28000 BCE 1821 CE
THE COLUMBIAN EXCHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The shaky decline in the supply of goods
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The steady rise in the price of goods
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The steady supply of the amount of goods
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The act of filling something with air
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Detailed explanation-1: -Inflation is an increase in the prices of goods and services. The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households (see Explainer: Inflation and its Measurement).
Detailed explanation-2: -Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
Detailed explanation-3: -What is Inflation? Inflation is an economic concept. It refers to the rising prices of goods, commodities, and services in a particular economy. With the rising prices of goods and services, the purchasing value of money will decrease. So the purchasing power of the consumer will also see a decline.
Detailed explanation-4: -Inflation is the pace at which a currency’s value declines and as a result, the general level of costs for goods and services rises.
Detailed explanation-5: -Inflation is the general rise in the prices of goods and services in an economy, over a period of time. It reduces the purchasing power of consumers, because each unit of currency can purchase fewer products with an increase in the general price levels.