1) Inflation is a

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1) Inflation is

a. a persistent increase in the general level of prices.

b. a persistent increase in the price of an individual good, service or resource.

c. a one time increase in the general level of prices.

d. a one time increase in the price of an individual good or service.

2) Money is

a. whatever is generally used to pay for goods, services and resources.

b. an object that is directly consumed.

c. widely used in a barter economy.

d. something that can be used to buy things but cannot be saved.