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inflation means the price level is very high in the society. more money chasing few goods that s called inflation .
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∙ 13y ago
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What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What is fuel inflation?
It is where the cost of fuel increases
If expected inflation increases interest rates are likely to increase?
Yes, inflation and increases in interest rates usually go hand-in-hand, though inflation is not the sole cause of an increase in interest rates
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
When inflation increases interest rates go .?
duck it
Providing automatic increases to compensate for inflation is known as?
inflation
What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What is fuel inflation?
It is where the cost of fuel increases
If expected inflation increases interest rates are likely to increase?
Yes, inflation and increases in interest rates usually go hand-in-hand, though inflation is not the sole cause of an increase in interest rates
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
When inflation increases interest rates go .?
duck it
A dramatic rise in prices is called?
I believe that this is called high inflation or hyperinflation. Hope this helps.
What is the range of hyper inflation?
Hyperinflation is an extremely rapid or out of control inflation and there is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.
Is it correct to state that when inflation increases unemployment decreases?
Yes, they are negatively correlated.
What happens to the future value of money when the inflation rate exceeds the interest rate?
it increases
Describe and give reasons for the relationship that exists between RGDP inflation and umeployment?
It is an inverse relationship. As inflation increases, unemployment decreases. This can be shown by the Phillips curve
How does inflation change economic choices?
As inflation rises, the cost of items increases because the currency is not worth as much as it was before inflation. When prices rise, economic choices available to people become more limited.
