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What is a term that means a prolonged rise in the general price level of goods and services?
Wiki User
∙ 15y ago
Inflation
Wiki User
∙ 15y ago
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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 is the definition of Price Level?
It is the average price level of all the goods and services in the country.
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.
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
What is the definition of Price Level?
It is the average price level of all the goods and services in the country.
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.
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 a worker's level of output in goods and services over a period of time.?
Productivity
Is the aggregate demand for goods and services inversely related to the price level?
yes
What does business Capacity mean?
Business capacity means the maximum level of the output goods and services that a given business can produce over a given time. In most cases, most businesses do not operate at full capacity for a prolonged period because of the natural efficiencies.
