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In Baconland, the price of eggs has increased 5% over the past year, the price of sausage has increased 6% over the past year, and the price of pancakes has increased 8% over the past year. Employment levels in Baconland remain high.

Baconland is most likely experiencing which of the following?

A

A recession

B

Inflation

C

Deflation

D

Stagflation

E

Normal economic growth

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