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Answer :

Tundexigo

Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

What is an inflation?

An inflation means a persistent rise in general level of goods and service in a particular year.

  • Inflation affects consumer spending because the purchasing power of currency reduces
  • Inflation affects discount rates
  • Inflation results to rising price of goods and services
  • Inflation gives the overall economy a hard time

In conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

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