Inflation Growth Dilemma
12 Pages Posted: 29 Jan 2015 Last revised: 22 Feb 2015
Date Written: January 29, 2015
Abstract
In mainstream economics, the word “inflation” refers to a general rise in prices measured against a standard level of purchasing power. Previously the term was used to refer to an increase in the money supply, which is now referred to as expansionary monetary policy or monetary inflation. Inflation is measured by comparing two sets of goods at two points in time, and computing the increase in cost not reflected by an increase in quality. There are, therefore, many measures of inflation depending on the specific circumstances.
JEL Classification: A11, B22
Suggested Citation: Suggested Citation
Khatoon, Syeeda, Inflation Growth Dilemma (January 29, 2015). Available at SSRN: https://ssrn.com/abstract=2557301 or http://dx.doi.org/10.2139/ssrn.2557301
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