Inflation is defined as sustained increase in the general price level in the economy over a period of time. It has overwhelmingly more negative effects for decision making in the economy and reduces purchasing power. However, one positive effect is that it prevents deflation
iyashakayrafalcon
It has many side effects when the inflation rate happened. The effect on consumers, the increase of goods and other products, the shortage of supplies of food to Filipino people cause consumers to keep it or hold it so that it will increase the price in the future.
iyashakayrafalcon
It has many side effects when the inflation rate happened. The effect on consumers, the increase of goods and other products, the shortage of supplies of food to Filipino people cause consumers to keep it or hold it so that it will increase the price in the future.
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Answer:
Inflation is defined as sustained increase in the general price level in the economy over a period of time. It has overwhelmingly more negative effects for decision making in the economy and reduces purchasing power. However, one positive effect is that it prevents deflation