ECONOMICS
BUSINESS CYCLES
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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: -In economics, inflation is an increase in the general price level of goods and services in an economy.
Detailed explanation-2: -Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
Detailed explanation-3: -Inflation can be defined as the overall general upward price movement of goods and services in an economy. The U.S. Department of Labor’s Bureau of Labor Statistics has various indexes that measure different aspects of inflation.
Detailed explanation-4: -Inflation is the general rise in the prices of goods and services in an economy, over a period of time.
Detailed explanation-5: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping.