January 2015
Intermediate to advanced
920 pages
37h 2m
English
‘Inflation’ is commonly understood as a situation of substantial and rapid general increase in the level of prices and consequent deterioration in the value of money over a period of time. The behaviour of general prices is measured through price indices. The trend of price indices reveals the course of inflation or deflation in the economy. As Lerner says, ‘a price rise which is ...