Friday, May 19, 2017

Inflation- 04/20/2017

Inflation

  • Inflation:
    -It is a rise in the general level of prices
  • Deflation:
    -It is a general decline in the economy's price level.
  • Disinflation:
    -It is a reduction in the inflation rate from year to year.
  • Hyperinflation:
    -A rapid rise in the price level
    -An extremely high rate of inflation


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