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About ECO401 Short Notes
- Inflation is a continuous rise in general price levels, while deflation is a fall in general price levels. Inflation rate is the percentage annual increase in average price level. - Pure inflation occurs when all goods and services rise equally over time. Inflation is generally measured as the percentage change in a price index from one year to the next. - There are three main views of inflation's causes: traditional Keynesian view of demand-pull inflation; cost-push view emphasizing supply shocks; and monetarist view locating inflation's root in money supply increases.
Detailed Information
| Author: | ['Muhammad Farooq'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 9 |
| Language: | English |
| Format: | |
| Price: | FREE |
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