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what is mean inflation?
what is mean fiscal policy?
what is mean monetary policy?
what is mean gdp?
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Answer Posted / suvajit dutta
inflation is a rise in the general level of prices of goods
and services in an economy over a period of time.[1] When
the general price level rises, each unit of currency buys
fewer goods and services. Consequently, inflation also
reflects an erosion in the purchasing power of money – a
loss of real value in the internal medium of exchange and
unit of account in the economy.[2][3] A chief measure of
price inflation is the inflation rate, the annualized
percentage change in a general price index (normally the
Consumer Price
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