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What is diflation?
Deflation is decrease in general price level of services and goods. Deflation occur when inflation rate is 0%
Why is inflation not considered when the basic concept that money has time value is discussed?
Inflation is not considered when the basic concept of money has time value because it is a sustained increase in the general price level of goods and services in an economy over a period of time. If the general price level rises, each unit of currency buys fewer goods and services.
What refers to a general rise in the price level of goods and services over time?
The general rise in the price level of goods and services over time is referred to as inflation. It indicates a decrease in the purchasing power of money, meaning that consumers need more money to buy the same amount of goods and services as before. Inflation can result from various factors, including increased demand, rising production costs, and expansionary monetary policies. Central banks often monitor and manage inflation to ensure economic stability.
What is the definition of Price Level?
It is the average price level of all the goods and services in the country.
A general rise in the price level of goods is called?
inflation
What is diflation?
Deflation is decrease in general price level of services and goods. Deflation occur when inflation rate is 0%
Why is inflation not considered when the basic concept that money has time value is discussed?
Inflation is not considered when the basic concept of money has time value because it is a sustained increase in the general price level of goods and services in an economy over a period of time. If the general price level rises, each unit of currency buys fewer goods and services.
What is the English meeaning of the Malayalam word vilakkayatam?
vilakkayattam= inflation,... a rise in the general level of prices of goods and services in an economy.vila= pricekayattam= rise
Quantity of money according to classical theory will determine the?
general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.
What is the definition of Price Level?
It is the average price level of all the goods and services in the country.
A general rise in the price level of goods is called?
inflation
Description of inflation?
Quoted from Wikipedia.org 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 the functional currency buys fewer goods and services; It could also be defined as a cosmological event at the very beginning of the universe during which the universe expanded faster than the speed of light in a fraction of a fraction of a second.
An overall rise in the prices of goods and servies?
Inflation is an overall rise in the prices of goods and services. When the usual price level rises, each unit of currency buys fewer services and goods.
What is export level of production?
Export level production is the production of goods and services for the sole purpose of exporting
Is the aggregate demand for goods and services inversely related to the price level?
yes
Is a worker's level of output in goods and services over a period of time.?
Productivity
What may inflation be defined as?
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.(In practice, the term monetary inflation is used to specifically refer to an increase in the money supply.)
