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Understanding Inflation and Its Types

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4 views1 page

Understanding Inflation and Its Types

Uploaded by

abrfg777
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Notes

Inflation & Its Types (Economics)

Definition: the term inflation refets to


sustained increase in the general price level
of goods/services.
Key Types:

Demand-Pull: Too much demand, not


enough supply.

Cost-Push: Production costs rise → prices


rise.

Built-In: Expectations of inflation push


wages + prices upward.
Indicators: CPI, WPI, GDP Deflator.
Impacts: Reduced purchasing power,
uncertainty, income redistribution.

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