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How is the rise in prices due to inflation and the rise in prices in microeconomic markets similar? How are they different? Giving examples of

How is the rise in prices due to inflation and the rise in prices in microeconomic markets similar? How are they different? Giving examples of either or helps out a lot!

*bullet points make it more difficult for me to understand at times; please answer in a paragraph format if possible - it would be greatly appreciated!

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