Difference between revisions of "Inflation"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Inflation]]. A general and ongoing rise in the level of prices in an economy. | :[[Inflation]]. A general and ongoing rise in the level of prices in an economy. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Inflation]]. An increase in the overall level of prices. (Cf. deflation, disinflation.) | ||
==Related concepts== | ==Related concepts== | ||
Latest revision as of 17:00, 2 July 2020
Inflation is the amount by which prices increase over time.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Inflation. The amount by which prices increase over time.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Inflation. A general and ongoing rise in the level of prices in an economy.
According to Macroeconomics by Mankiw (7th edition),
- Inflation. An increase in the overall level of prices. (Cf. deflation, disinflation.)
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
