HISTORY
ANCIENT ROME
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the price of goods increasing
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the price of goods decreasing
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the price of goods staying the same
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goods becoming free to all citizens in the Roman Empire
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Detailed explanation-1: -Question: Which of the following describes inflation? It can occur only when many goods are falling in price. It is an increase in the cost of a given basket of goods. It means that the price of every good and service is rising.
Detailed explanation-2: -Answer and Explanation: The true statement is option d) It refers to an increase in the average level of prices. The inflation over a given period signifies the general increase in the average price level of goods and services.
Detailed explanation-3: -Which of the following is an example of inflation? The price level of many things you buy increases over time.
Detailed explanation-4: -Meaning of cost inflation in English the increase in the price of products or services as a result of raw materials and wages costing more: Competition for resources has led to massive cost inflation. Compare.
Detailed explanation-5: -Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.