Final answer:
Rising inflation leads to higher prices as a result of an increased money supply. This causes more money to chase the same goods and services, leading to price increases.
Explanation:
Higher prices would be the most immediate impact of rising inflation. As the money supply increases, there is more money chasing the same amount of goods, leading to a rise in prices. This inflationary effect occurs because of the imbalance between money supply and available goods and services.
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