RECONSTRUCTION 1865 1877
THE RECONSTRUCTION ERA
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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deflation
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inflation
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recession
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depression
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Detailed explanation-1: -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-2: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping.
Detailed explanation-3: -Demand-Pull and Cost-Push Cost-push inflation occurs when it becomes more expensive to produce goods or provide services.
Detailed explanation-4: -Inflation is the rate at which prices for goods and services rise. Inflation is sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. The most commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.