Economics A Level: What are the 2 Ways of Defining Inflation

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What are the 2 Ways of Defining Inflation

go kys · Accepted Answer

1. Inflation is the Sustained Rise in the Price of Goods and Services over some Time. 
2. Inflation is the Fall in the Value of the Money. [£10 can buy Less - its Purchasing Power has Fallen]

Economics A Level

What are the 2 Ways of Defining Inflation

1. Inflation is the Sustained Rise in the Price of Goods and Services over some Time. 2. Inflation is the Fall in the Value of the Money. [£10 can buy Less - its Purchasing Power has Fallen]

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