Inflation refers to the general increase in prices of goods and services over a period of time, leading to a decrease in the purchasing power of money. The answer to the question "Inflation in考研英语" could be as follows:
The term "inflation" in考研英语 is commonly used to describe a situation where the overall level of prices in an economy is rising, and, subsequently, the purchasing power of money is falling. This phenomenon is often characterized by the Consumer Price Index (CPI) or the GDP deflator, which measure the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Inflation can have various causes, such as excessive demand, cost-push factors, or monetary policies that lead to an increase in the money supply.
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