Inflation is a rise in general price levels that causes the value of your money to decrease. In other words, if you can buy a bag of groceries for $25, inflation is when that same bag now costs $35.
Tags: inflation, macroeconomics
Inflation is a rise in general price levels that causes the value of your money to decrease. In other words, if you can buy a bag of groceries for $25, inflation is when that same bag now costs $35.
Tags: inflation, macroeconomics