0
Inflation is an increase in the price level. Arguably, it can be attributed to changes in unemployment and deviations from the natural unemployment rate, since employees demand real wages, so as the price level increases, wages must increase simultaneously or people will quit their jobs, since the benefit of leisure (i.e. not working) out ways the cost (i.e. not earning income). However, this relationship may by a correlation, and causation may not exist. Nonetheless, inflation is a positive change in the price level of all goods. It is a phenomena caused by short run changes in the structure of the economy.
Add your answer:
Earn +20 pts
What refers to the persistent increase in the prices of goods and services?
inflation
What type of yield curve predicts a future increase in inflation?
A inverted slope yield curve pridecits future increase in inflation.
How do you define grade inflation?
Grade inflation is the increase over time of academic grades, faster than any real increase in standards.
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
What does the inflation date indicate?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service. Demand-Pull Inflation, Cost-Push Inflation etc.
What refers to the persistent increase in the prices of goods and services?
inflation
inflation?
rising prices
Increase in money supply followed by an increase in prices?
inflation
What does not increase as a country develops?
Inflation
What type of yield curve predicts a future increase in inflation?
A inverted slope yield curve pridecits future increase in inflation.
Q: What is inflation?
Inflation is the rate of increase in prices over a given period of time.
How do you define grade inflation?
Grade inflation is the increase over time of academic grades, faster than any real increase in standards.
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
What does the inflation date indicate?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service. Demand-Pull Inflation, Cost-Push Inflation etc.
How is inflation caused?
we get two types of inflation demand-pull inflation, this inflation is happened from demand increase, the demand increase, the price gonna increase too. the cpi ( inflation ) index also increase. another type is cost-push inflation, this type is from cost increase. the wage rate and the price of raw materials increase, the cost of goods and service going up, and the price of goods and services also going up. that's the reason why inflation happened. hope this can help you
What is that inflation?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
What is a pay increase to keep up with inflation called?
Cost-of-living increase.
