File Name: inflation definition and types .zip
Inflation means a sustained increase in the general price level.
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This is a great question! Inflation rates and speculation about future inflation are mentioned so often in the media that it's important to know some basics about inflation. What is inflation? Inflation is defined as a rise in the general price level. In other words, prices of many goods and services such as housing, apparel, food, transportation, and fuel must be increasing in order for inflation to occur in the overall economy.
Inflation is defined as a sustained rise in the general level of prices of goods and services over time. It is caused by disequilibrium between aggregate supply and aggregate demand. The price rise should be persistent over the period of time to be said as inflation. Inflation is measured by price index. A price index is a weighted average of prices of number of goods and services; therefore it does not represent the price of single item.
∎ is a rise in the general level of prices, as measured against. some baseline of purchasing power. ∎ Inflation measures how much more expensive a set of goods. and services has become over a certain period, usually a year. □.
Inflation is when the prices of goods and services increase. There are four main types of inflation, categorized by their speed. They are creeping, walking, galloping, and hyperinflation. This kind of mild inflation makes consumers expect that prices will keep going up.
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