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In the world of finance, there is a term called "inflation" which refers to a general increase in prices over a period of time. It occurs when the prices of goods and services steadily rise over consecutive months. This can be a cause of concern for individuals and businesses, as it can affect their purchasing power and overall economic stability. As a knowledgeable professor, it is important to understand the concept of inflation and its impact on the economy. Let's delve deeper into this topic and explore its various causes and consequences.
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