Definition of Inflation - Economics Help
Curated from: economicshelp.org
Ideas, facts & insights covering these topics:
4 ideas
·1.39K reads
19
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Inflation
- Inflation is a situation of rising prices in the economy.
- Inflation is a sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise.
- The rate of inflation measures the annual percentage change in the general price level.
40
605 reads
Inflation and value of money
- Inflation leads to a decline in the value of money. “Inflation means that your money won’t buy as much today as you could yesterday.”
- If the prices of goods rise. the same amount of money will purchase a smaller quantity of goods.
40
264 reads
Types of inflation
- Cost-push inflation – when a rise in prices is caused by a rise in the cost of production, such as higher oil prices
- Demand-pull inflation – when a rise in prices is caused by rising aggregate demand and firms pushing up prices due to the shortage of goods
41
247 reads
Definition hyper-inflation
Hyperinflation is generally considered to occur when inflation is greater than 1000%.
With hyperinflation, money loses its value so rapidly that nobody wants to use it as a medium of exchange.
40
279 reads
IDEAS CURATED BY
Lucy 's ideas are part of this journey:
Learn more about moneyandinvestments with this collection
How to challenge assumptions
How to generate new ideas
How to break out of traditional thinking patterns
Related collections
Similar ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates