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  • Inflation: Is A Sustained or Continuous Rise in The Genral Price Level

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    Jeshua Ephraim Malimata
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    Inflation is defined as a sustained rise in the general price level over time and can be caused by demand-pull factors such as increased spending or cost-push factors like higher production costs. The effects of inflation include hyperinflation, a reduced standard of living, and a transfer of wealth from creditors to debtors. Measures to protect against inflation involve raising interest rates, providing cost of living adjustments, and calculating inflation rates using indices like the consumer price index.

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    Inflation

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    Inflation is defined as a sustained rise in the general price level over time and can be caused by demand-pull factors such as increased spending or cost-push factors like higher production costs. The effects of inflation include hyperinflation, a reduced standard of living, and a transfer of wealth from creditors to debtors. Measures to protect against inflation involve raising interest rates, providing cost of living adjustments, and calculating inflation rates using indices like the consumer price index.

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    9 views4 pages

    Inflation: Is A Sustained or Continuous Rise in The Genral Price Level

    Uploaded by

    Jeshua Ephraim Malimata
    Inflation is defined as a sustained rise in the general price level over time and can be caused by demand-pull factors such as increased spending or cost-push factors like higher production costs. The effects of inflation include hyperinflation, a reduced standard of living, and a transfer of wealth from creditors to debtors. Measures to protect against inflation involve raising interest rates, providing cost of living adjustments, and calculating inflation rates using indices like the consumer price index.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    INFLATION

    IS A SUSTAINED OR CONTINUOUS RISE IN


    THE GENRAL PRICE LEVEL

    CAUSE OF INFLATION
    1. DEMAND-PULL INFLATION
    2. COST-PUSH INFLATION
    EFFECTS OF INFLATION
    1. HYPER INFLATION
    2. REDUCES STANDARD OF LIVING
    3. CREDITOR LOSE,DEBTOR GAIN
    PROTECTION AGAINST
    INFLATION
    RAISING NOMINAL
    INTEREST RATE
    COLA(COST OF LIVING
    ALLOWANCE)
    MEASUREMENT OF INFLATION


    INFLATION RATE= X 100


    RI= X 100 = X 100

    nj

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