o Inflation- a persistent rise in the general level of prices related to an increase in the volume of money and resulting in the loss of values of currency.
o Stagflation- a condition of slow economic growth, and relatively high unemployment accompanied by inflation.o Cost push inflation- causes the equilibrium price to rise and the aggregate output to decline.o Demand pull inflation- in which rising demand results in a rise in prices.o Hyperinflation- extreme or excessive inflation.
o Inflation is caused by four factors.o 1) the supply of money goes up.o 2) the supply of other goods goes down.o 3) demand for money goes down.o 4) demands for other goods goes up.
o 1) hoardingo 2) rising prices of importso 3) lowers national savingo 4) illusions of making prophetso 5) increased risk
1) it can benefit the inflators 2) it can benefit the cartels
Deflation- a fall in the general price level or a contraction of credit and available money.
Disinflation- a period or process of slowing therate of inflation.
I think that inflation is nothing but plain greed.
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