Discussion
'Inflation' is a phenomenon which is associated with :
Answer: D
Inflation is associated with price rise.
Inflation is defined as a sustained rise in the general level of prices, which means a fall in the purchasing power of money. It is measured by indices such as the Consumer Price Index.
An increase in the money in circulation is one of its causes, the monetarist explanation, but not the phenomenon itself; inflation can also come from rising costs or demand. A decrease in money circulation tends to lower prices, and a negative balance of payments is an external account problem that may accompany inflation without defining it.
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