<P> In economics , inflation is a sustained increase in the general price level of goods and services in an economy over a period of time . When the price level rises , each unit of currency buys fewer goods and services ; consequently , inflation reflects a reduction in the purchasing power per unit of money -- a loss of real value in the medium of exchange and unit of account within the economy . A chief measure of price inflation is the inflation rate , the annualized percentage change in a general price index , usually the consumer price index , over time . The opposite of inflation is deflation . </P>
<P> In economics , inflation is a sustained increase in the general price level of goods and services in an economy over a period of time . When the price level rises , each unit of currency buys fewer goods and services ; consequently , inflation reflects a reduction in the purchasing power per unit of money -- a loss of real value in the medium of exchange and unit of account within the economy . A chief measure of price inflation is the inflation rate , the annualized percentage change in a general price index , usually the consumer price index , over time . The opposite of inflation is deflation . </P>
what are some ways you can avoid the opportunity cost of inflation and unemployment
what are some ways you can avoid the opportunity cost of inflation and unemployment
deflation
deflation