Inflation is when prices for goods and services go up over time, causing the value of money to decrease. This means that you can buy less with the same amount of money. It is usually caused by factors like increased demand, rising production costs, or changes in government policies.
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Compliments are goods that work well in conjuction with one another ( in simple terms they go together) e.g. Pen and Paper
The GDP Deflator uses the GDP calculation to work out inflation while CPI uses a basket of goods that are compared over time to work out the increase in prices
The Simple Aggregate Price Index was introduced by economist Irving Fisher in the early 20th century. Fisher developed this index as part of his broader work on measuring price levels and inflation, emphasizing the importance of understanding changes in purchasing power over time. His contributions laid the groundwork for modern price index theory.
The PPP theory seems to work well in the long run when the differences in inflation rates between two countries are relatively large.
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Copyright, in simple terms, means the right to make copies or to perform a copyrighted work in public. Violations are called "infringement" and can get you sued if not also indicted on a federal crime.
Personal Finance for Dummies can be found nearly anywhere online. It may also be found in major bookstores. Barnes & Nobles and Amazon.com would work.
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The book Personal Finance for Dummies will give good information to the person needing that information. The book was written to help the novice individual understand how financials work.
The quantum Hall effect is a phenomenon in physics where electrons moving in a two-dimensional material, like a thin sheet of metal, experience a strong magnetic field. This causes the electrons to organize into specific energy levels, creating a unique pattern of electrical resistance. This effect helps scientists study the behavior of electrons in materials and has important applications in technology.
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In very simple terms, hot air is lighter than cold air, so it rises.