What Is Inflation?

February 6th, 2009 Comments off
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One generally knows inflation as a scenario where there is an increase in the general price level of various goods and services and where the value of money declines steadily.

Some describe inflation as:-

  • Too much money chasing few goods.
  • Value of money or the purchasing power of money is declining
  • The general price level of goods and services are getting more expensive
  • Cost of living is getting higher

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Financial Accounting


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