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INFLATION (3)
INFLATION (3)
ScnMaster
an increase in the amount of
money
and
credit
in relation to the
supply
of
goods
and
services
, resulting in an increase in the
general
price
level
. An
inflation
exists where there is more
money
in
circulation
than there are
goods
.
—
Knowingness
(Quotes Bk
II
) Approved Glossary