concept   inflation
culture   Economics
statement   Inflation is the general rise in price levels that impacts purchasing power and economic stability in an economy.

4 similar statements
# Concept Culture Statement Freq.
1 inflation Economics An increase in the general price level of goods and services, caused by factors such as demand and supply dynamics 1
2 inflation economic theory Can erode purchasing power and lead to economic instability 1
3 inflation economics students A monetary phenomenon wherein the overall price level rises steadily and often results in a decrease in the purchasing power of money. 1
4 inflation economists Economists may view a controlled level of inflation as necessary for promoting economic growth and preventing deflationary spirals. 1