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Inflation Session No. 19

Inflation Session No. 19

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Published by Verma

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Published by: Verma on Jan 22, 2009
Copyright:Attribution Non-commercial

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09/23/2012

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Price Stability
Pyare Lal Verma, FacultyEconomics/QM, INC Shimla
PREPARED BY:
Macroeconomics &Business Environment
19
 
        S      e      s      s        i      o      n
19
1.Understand about Inflation and how to measure inflation.3.To understand about the economic impact of Inflation5.To understand inflation in AD-AS Framewor7.To distinguish between a) Demand-Pull Inflation; b) Cost-Push Inflation.
 
        S      e      s      s        i      o      n
19
Inflation
a)Inflation can be defined as a rise in the general price level andtherefore a fall in the value of money.b)inflation can be measured in terms of percentages. Thepercentage increase in the price index, as a rate per cent per unit of time, which is usually in years.
19.1

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