Inflation is an increase in the level of prices of the goods and services that households buy. It is usually measured as an annual percentage increase. What are its consequences ? Decreasing purchasing power: As prices rise, each unit of currency buys fewer goods and services. This means that if you have a fixed income,…
Stagflation is a monetary condition when stale financial development, high joblessness, and high expansion consolidate together. Simply put, stagflation is a kind of inflation which caused due to stagnant growth and rising inflation. In view of famous monetary speculations, commonly, expansion rises when the economy is developing quick. This is on the grounds that, with…