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Can you assist me by explaining the key term for the following It is based on Macroeconomics: Inflation Rate Deflation Consumer Price Index (CPI) Producer

Can you assist me by explaining the key term for the following

It is based on Macroeconomics:

  • Inflation Rate
  • Deflation
  • Consumer Price Index (CPI)
  • Producer Price Index

1.) When the price of different goods change at different rates, how do we measure inflation?

2.) What are the major costs of inflation?

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