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What is Unit 4 and 5 Notes of Macro about?

Inflation is the sustained rise in general price levels, leading to decreased purchasing power of currency. It can be categorized by speed (creeping, walking, running, galloping, hyperinflation), cause (demand-pull, cost-push, structural), and government awareness (open, suppressed). Measurement methods include Consumer Price Index (CPI), Wholesale Price Index (WPI), GDP Deflator, and Producer Price Index (PPI).

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abhinavsharma12402

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