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Inflation
Essay specific features
Written by:
Cecila V
Date added:
May 11, 2017
Level:
University
Grade:
A
No of pages / words:
20 / 5538
Was viewed:
6106 times
Rating of current essay:
Essay content:
In general, mainstream economists divide into two camps: those who believe that monetary effects dominate all others in setting the rate of inflation, or broadly speaking, monetarists, and those who believe that the interaction of money, interest and output dominate over other effects, or broadly speaking Keynesians...
displayed 300 characters
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Other theories, such as those of the Austrian school of economics, believe that an inflation of the general price level and of specific prices is a result from an increase in the supply of money by central banking authorities.
Related terms include: deflation, a general falling level of prices, disinflation, the reduction of the rate of inflation, hyper-inflation, an out of control inflationary spiral, and reflation, which is an attempt to raise prices to counteract deflationary pressures...
displayed 300 characters
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