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What is Understanding Inflation Dynamics about?

This document defines and describes different types of inflation. It begins by defining inflation as a general increase in the prices of goods and services in an economy. It then provides definitions of inflation from several economists. The document goes on to list key characteristics of inflation and describe different types based on speed (creeping, walking, running, hyper-), cause (wage-induced, profit-induced, etc.), time period (peace time, war time, post-war), scope (comprehensive, sporadic), governm

Author

GETinTOthE SySteM

Language

EN