FratFiles

• Save Paper

Inflation
From Wikipedia, the free encyclopedia
Jump to: navigation, search
For other uses, see Inflation (disambiguation).
In mainstream economics, inflation is a rise in the general level of prices, as measured against some baseline of purchasing power.

The prevailing view in mainstream economics is that inflation is caused by the interaction of the supply of money with output and interest rates. In general, mainstream economists divide into two camps: those who believe that monetary effects dominate all others in setting the rate of inflation, or broadly speaking, monetarists, and those who believe that the interaction of money, interest and output dominate over other effects, or broadly speaking Keynesians. Other theories, such as those of the Austrian school of economics, believe that an inflation of the general price level and of specific prices is a result from an increase in the supply of money by central banking authorities.

Related terms include: deflation, a......

View the rest of this paper...

Approximate Word Count: 5476
Approximate Pages: 22 (250 words per double-spaced page)

Similar Essays

1. Inflation
   

   Inflation Inflation From Wikipedia, the free encyclopedia Jump to: navigation, search For other uses, see Inflation (disambiguation). In mainstream economics, inflation is a rise

2. Inflation
   

   inflation ACCORDING TO THE RATE OF INFLATION. 1. Moderate, Gal1oping and Hyperinflation The severity of inflation is often measured in terms of the rapidity of price rise. On the

3. Inflation
   

   Inflation inflation Definition The overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer

4. Inflation And Its Impacts On Vietnam
   

   inflation and its impacts on Vietnam 1. Introduction Inflation - a global phenomenon is becoming a burning issue in many countries all over the world today. The Oxford®

5. Inflation Targeting
   

   Inflation targeting It widely recognized that the monetary policy within a country should be primarily concerned with the pursuit of price stability. However, it is still not