„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:

Friedman, Milton, and Anna Jacobson Schwartz. “A Monetary History of the United States, 1867–1960.” Princeton University Press, 1971.

Economic Theories and ConceptsView all items
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