# | 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 |