Inflation control measures: Monetary and fiscal policiesUnderstanding Inflation Control MeasuresInflation control measures are policies implemented to stabilize prices and maintain economic balance.They are broadly categorized into Monetary Policies and…
Impact of inflation on the economyInflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time.
Measurement: WPI, CPI, GDP deflatorInflation measurement involves tracking the change in price levels of goods and services over a specific period.Common indicators for measuring inflation include the Wholesale Price Index (WPI),…
Types of inflation: Demand-pull, cost-pushInflation refers to the sustained increase in the general level of prices for goods and services over time.It leads to a decline in the purchasing power of money.There are two main types of inflation…