Persistent inflation is that the result over time when aggregate demand increases at a faster pace than long-run aggregate supply.
What is persistent inflation caused by?
Monetarists state that chronic inflation is caused by chronic growth of the cash supply, an edge that is accepted by most mainstream economists.
What is inflation and the different types of inflation?
Inflation is that the rate at which prices for goods and services rise. it's sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. the foremost commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.
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