Hyperinflation.
Inflation.
Hyperinflation.
A price increase caused by a larger currency supply is called inflation. If the supply of the goods remains the same, the result is a higher price, in effect devaluing the money.
Demand side inflation that is partial increase in the price of some goods have Caused a sharp increase in the price of goods over the decades is because there is under production of goods and a large volume of money is in circulation.
That is called "inflation".
Inflation.
Hyperinflation.
A price increase caused by a larger currency supply is called inflation. If the supply of the goods remains the same, the result is a higher price, in effect devaluing the money.
Demand side inflation that is partial increase in the price of some goods have Caused a sharp increase in the price of goods over the decades is because there is under production of goods and a large volume of money is in circulation.
Goods that have an increase in quantity demanded in response to an increase in price are called Giffen goods. Evidence of the existence of Giffen goods is extremely limited and there are no known examples of Giffen goods.
That is called "inflation".
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
Price increases can be caused by a variety of factors. One is the cost of raw materials can increase. An increase in the price of gas can also cause goods to increase, because most goods need to be transported.
inflation
A decrease in the price of one will increase the demand for the other.
You can build Silos or barns to increase the maximum goods you can keep. To increase how many goods you have, plant seeds or buy from your friends.
Inferior goods would have an increase in demand while superior goods would have a decrease in demand.