Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
The Phillips Curve shows how inflation falls as unemployment rises.
What is inflation?
The broad word for an increase with in cost of products and services throughout an economy in the study of economics is inflation. As the overall price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction as in purchasing power of money. Inflation is the amount that prices rise over a given period of time. The general increase in prices or the increase in a country's cost of living are two examples of broad measures used to describe inflation.
What happens if inflation is high?
The basic cost of inflation is the erosion of real income when prices increase unevenly and some customers' purchasing power decreases. Inflation may eventually have an impact on the ability of people who pay and receive fixed interest rates to make purchases. Inflation is the term used to describe when prices in an economy rise or when the purchasing power of money falls. According to economists, a number of factors, such as a rise in the money supply, higher wages, and increased aggregate demand, may contribute to inflation.
To know more about Inflation visit:
https://brainly.com/question/29308595
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
