Learn INFLATION EXAMPLES
January 25, 2023 ⚊ 1 Min read ⚊ Views 75 ⚊ BLOG
Inflation is the economic phenomenon in which the price of goods and services rises while the value of a currency decreases over time. Because fewer goods can be purchased with each currency unit, a currency’s purchasing power decreases. Interestingly, some amount of inflation is even considered good for the economy; however, it is only good if other variables such as unemployment and GDP remain constant.
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