BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Deflation
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Monetary policy
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Stagnation
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Inflation
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Detailed explanation-1: -Over time, the term inflation has evolved to refer to increases in the price level; an increase in the money supply may be called monetary inflation to distinguish it from rising prices, which for clarity may be called “price inflation".
Detailed explanation-2: -Inflation is the general rise in the prices of goods and services in an economy, over a period of time.
Detailed explanation-3: -Inflation measures how much more expensive a set of goods and services has become over a certain period, usually a year. It may be one of the most familiar words in economics. Inflation has plunged countries into long periods of instability.
Detailed explanation-4: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping.
Detailed explanation-5: -Inflation Rate (CPI, annual variation in %) Inflation refers to an overall increase in the Consumer Price Index (CPI), which is a weighted average of prices for different goods.