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Price Stability
Pyare Lal Verma, FacultyEconomics/QM, INC Shimla
PREPARED BY:
Macroeconomics &Business Environment
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1.Understand about Inflation and how to measure inflation.3.To understand about the economic impact of Inflation5.To understand inflation in AD-AS Framework 7.To distinguish between a) Demand-Pull Inflation; b) Cost-Push Inflation.
 
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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.
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