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Which of the following economic terms describes an increase in product price without the increase of money's worth? a) inflation b) fiat currency c) deflation d) gold standard
A. inflation because that means that money is starting to loose it's value so you have to give more of it even though it technically cost the same amount.
A) (should be called 'Hyperinflation') because the value of money decreases while expenditures (food, rent, clothes etc) remain the same. A great example of this is what happened in Germany WW2
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