13 Inflation is a general rise in the level of prices as measured by a price index....

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13 Inflation is a general rise in the level of prices as measured by a price index. The rate of inflation in the 1970s for almost all Western nations was substantially higher than the rates during the 1950s and 1960s.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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