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When does inflation occur?
when demand for a high-priced good is reduced, resulting in unemployment when supply of a good exceeds demand for that good, and the price must be reduced when demand for a product goes up, and the product becomes more expensive when the price of a good or service increases, but the value of a dollar remains the same
answer: d. when the price of a good or service increases, but the value of a dollar remains the same.
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