چکیده:
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. If economic growth matches the growth of
the money supply, inflation should not occur when all else is equal. A large variety of
factors can affect the rate of both. For example, investment in market production,
infrastructure, education, and preventative health care can all grow an economy in greater
amounts than the investment spending
خلاصه ماشینی:
2017 ABSTRACT 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.
Inflation According to Mishkin (2001) inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
According to McConnell (2000) economic growth is the increase in value of the goods and services produced by an economy.
Growth is usually calculated in real terms such as inflation adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced perhaps since it tells them what happens in the economy.
However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.
2. Chude, Daniel Izuchukwu and Chude, Nkiru Patricia, (2015), Impact of Inflation on Economic Growth in Nigeria, International Journal of Business and Management Review,Vol. 3, No. 5, pp.
Wiza Munyeka, w, (2014), The Relationship Between Economic Growth and Inflation in the South African Economy, Mediterranean Journal of Social Sciences, MCSER Publishing, Rome-Italy, Vol 5 No 15, 119- 129.