1) Inflation means prices go up over time. a) True b) False 2) When there is inflation, money loses some of its value. a) True b) False 3) Inflation makes everything cheaper a) True b) False 4) If prices rise by 10%, something costing R50 will cost R55 after inflation a) True b) False 5) Inflation only happens in South Africa. a) True b) False 6) High inflation can make it hard to save money. a) True b) False 7) Inflation is measured by looking at how prices change over time. a) True b) False 8) Inflation only happens once in a lifetime.   a) True b) False 9) When inflation is high, you need more money to buy the same things a) True b) False 10) If inflation is zero, prices stay the same over time. a) True b) False

INFLATION

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