An Assignment on Inflation
1.1. Definition
1.2. Causes
of Inflation
1.3. Views
about Inflation (Keynesian view, Monetarist view)
1.4. Types
of Inflation
1.5. Measurement
of Inflation
1.6. History
of Inflation
1.7. Effects
of Inflation
1.8. Controlling
of Inflation
1.9. Conclusion
1.10. Reference
In
economics, inflation
is a rise in the general level of prices of goods and services in an economy over a period of time.
When the general price level rises, each unit of currency buys fewer goods and
services. Consequently, inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of
exchange and unit of account within the economy. A chief measure of price
inflation is the inflation rate, the annualized percentage change
in a general price index (normally the Consumer Price Index) over time………