2006-06-28 17:12:39 · 5 answers · asked by Anonymous in Social Science ➔ Economics
inflation is an increase in the money supply, without a corresponding increase in productive output. Money is supposed to represent product directly, so if there is more money chasing the same number of goods, the prices will be bid higher, they will "inflate".
2006-07-03 08:44:36 · answer #1 · answered by iconoclast_ensues 3 · 2⤊ 0⤋
1. The act of inflating or the state of being inflated.
2. A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.
2006-06-29 00:54:30 · answer #2 · answered by bornsmartgal 1 · 0⤊ 0⤋
A consistent rise in the general price levelIs generally a characteristic of high levels of economic growth.
Inflation accompanied by increases in unemployment is stagflation. Extrememly high rates of infaltion are called "hyper-inflation"
.............Is that what you were looking for??
2006-06-28 17:32:23 · answer #3 · answered by Udits 2 · 0⤊ 0⤋
Opposite of deflation. What is your question?
2006-06-28 17:16:16 · answer #4 · answered by Doctor J 7 · 0⤊ 0⤋
what about it?
2006-06-28 17:16:05 · answer #5 · answered by esther_r88 1 · 0⤊ 0⤋