IF10477 – Introduction to U.S. Economy: Inflation – 2016/09/26

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Introduction to U.S. Economy: Inflation

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Author: Jeffrey M. Stupak
Pages: 2

Inflation is defined as a general increase in the price of goods and services across the economy; in other words, a general decrease in the value of money. Conversely, deflation is a general decrease in the price of goods and services across the economy, or a general increase in the value of money.