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A country is said to be experiencing inflation when? A. prices of most goods and services are rising over time. B. total output is increasing over time. O C. prices of food products are increasing over time. O D. prices of most goods and services are falling over time.15. Which one of the following statements about the consumption function is incorrect? O A. As income increases, the level of induced consumption increases. O B. Autonomous consumption consists largely of spending on durable consumer goods. O C. Autonomous consumption is independent of the level of income. O D. Consumption spending consists of autonomous consumption and induced consumption