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Define inflation. - Economics

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प्रश्न

Define inflation.

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उत्तर

Inflation is a consistent and appreciable rise in the general price level. In other words, inflation is the rate at which the general level of prices for goods and services is rising and consequently the purchasing power of currency is falling. “Too much of money chasing too few goods” – Coulbourn “A state of abnormal increase in the quantity of purchasing power” – Gregory

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Inflation
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अध्याय 5: Monetary Economics - Model Questions [पृष्ठ ९३]

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सामाचीर कलवी Economics [English] Class 12 TN Board
अध्याय 5 Monetary Economics
Model Questions | Q 26. | पृष्ठ ९३
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