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What is Understanding Inflation and Its Causes about?
The document describes the problems of inflation in the national economy. It defines inflation as the sustained increase in the prices of goods and services, or as an increase in the money supply without sufficient backing from production. It explains the causes of inflation as monetary factors, economic development, government budgets, and income redistribution. Finally, it discusses the negative effects of inflation and the measures to combat it such as monetary control and encouragement of savings.
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- ScribdTranslations
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- EN