Understanding inflation
Understand inflation Inflationis a critical economic phenomenon characterized by a rapid rise in the general price level, which results in a notable decline in the value of money.**Types of Inflation:**1. Demand-pull effect2. Cost-push inflation3. Built-in inflation4. Creeping inflation5. Moderate inflation6. Suppressed inflation7. Hyperinflation **Causes of Inflation: action indicates a sustained decline in real money balances. …