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23 March, 02:55

Is inflation good or bad?

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  1. 23 March, 05:22
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    Inflation is bad, it is the rise of the price in everything, what makes economy decrease every time more and more
  2. 23 March, 05:45
    0
    Generally speaking, Inflation is good.

    Explanation:

    Inflation refers to a quantitative measure of a rate at which a basket of selected goods and services' average price level in an economy up rises over some time period. Inflation is indicative of a rise in general price level wherein a single currency unit buys less than what it did formerly. Expressed in percentage, inflation is indicative of a decline in the national currency's purchasing power.

    Inflation is good because firstly, it makes consumers anticipate prices for a continuous rise. When prices go up, people go for buying rather than paying more at a later stage. Secondly, it eliminates the hazard of deflation, i. e., when prices are falling. Here people become more eager towards prices drop prior to purchase.
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