SSC CHSL 2013 · Question 53 of 207
decrease in production. In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be defined as too much money chasing too few goods. When the general price level rises, each unit of currency buys fewer goods and services.
Source: SSC CHSL Solved Paper 20-10-2013 (Disha Publications) · reliable-secondary
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