Inflation, as a common economic phenomenon, refers to the persistent increase in the general price level of goods and services in an economy over a period of time. It is often characterized by a decrease in the purchasing power of money. To address the question of "inflation in考研 English," the following answer might be suitable:
The passage discusses the impact of inflation on the economy, highlighting its effects on consumers and businesses. It notes that inflation can lead to reduced purchasing power, as the value of money decreases. This, in turn, can result in higher prices for goods and services, causing a decrease in consumer spending. Additionally, businesses may face increased costs, which could lead to higher prices or reduced output. The author suggests that managing inflation is crucial for maintaining economic stability and ensuring the well-being of the population.
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