Inflation means that Multiple Choice prices on average are rising, although some particular prices may be falling. real incomes are rising. all prices are rising at approximately the same rate. all prices are rising, but at different rates.

The correct answer is prices in the aggregate are rising, although some particular prices may be falling.

Explanation:

Inflation is a generalized increase in the prices of goods and services in an economy over a period of time.

Inflation exists when the prices of the whole goods and services of an economy increase steadily. That is, when the average price of all goods and services in a country goes up.

The price increase causes the loss of purchasing power of citizens. Or put another way, if there is inflation it means that with the same money we can buy less things than before.

Often it is said that inflation is good, but it is not that it is good in itself, but that although the prices of an economy rise, wages also tend to rise according to that price increase. Thus, in the end the purchasing power of citizens remains stable. It can be good, as long as it is stable and not very high, for the following reasons:

Disadvantages of inflation

Its main drawbacks are:

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answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

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