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1) Define inflation, explain the different types of inflation and discuss the curse of inflation? 2) Which...

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Economics

1) Define inflation, explain the different types ofinflation and discuss the curse of inflation?

2) Which of them is or will more likely to becomereality in our time of pandemic?

Answer & Explanation Solved by verified expert
4.4 Ratings (955 Votes)
1inflation is defined as a sustained increase in the general price level of goods and services in an economy over a period of time Types of inflation hyperinflation is occurs dur to a very rapid rise in the price level it is an extremely high rate of inflation stagflation is a condition of slow economic growth and relatively high unemployment accompanied by rising prices or inflation and a decline in gdp deflation is occurs due    See Answer
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