ECONOMICS NOTES for SSC CHSL EXAM

Posted byadmin Published On January 21st, 2017 Leave a comment on ECONOMICS NOTES for SSC CHSL EXAM

Inflation

Definition: A rise in the general level of price in an economy. That is sustained over time.

• The opposite of Inflation in ‘deflation’.
• Inflation, in general, is just a price rise.When the general level of prices is falling over a period of time it is called deflation.
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