„Inflation“
What does Inflation stand for?
Loss of purchasing power of money caused by growth of the amount of money in circulation and reflected in a rise in prices without a proportionate increase in value of the things purchased..
Source:
Economic Theories and ConceptsView all itemsFriedman, Milton, and Anna Jacobson Schwartz. “A Monetary History of the United States, 1867–1960.” Princeton University Press, 1971.