Main Profile

At A Glance

Inflation01: Definition of inflation

Inflation is defined and a distinction is made between causal and neutral definition of inflation. Inflation is regarded as a continuous, considerable rise in prices in general and is preferred to a definition that indicates cause such as "too much money chasing too few goods". One also needs to distinguish between a rise in the price of an individual good and the rise in prices in general as well as between a once off increase and a continuous increase.
Length: 03:15


Questions about Inflation01: Definition of inflation

Want more info about Inflation01: Definition of inflation? Get free advice from education experts and Noodle community members.

  • Answer

Ask a New Question