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University Chadli Bendjedid TAREF Department Economy Level Second Year Instructor Messabhia Lecture Five INFLATION What Does Inflation Mean Mainstream Economics

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University Of Chadli Bendjedid EL TAREF Department Of Economy Level Second Year Instructor Ms Messabhia Lecture Five 1 INFLATION What Does Inflation Mean In Mainstream Economics The Word Inflation Refers To A General Rise In The Price Level Or A Fall In The Value Of Money Inflation Is One Of The Most Frequently Used Terms In Economic Discussions Yet The Concept Is Variously Misconstrued There Are Various Schools Of Thought On Inflation But There Is A Consensus Among Economists That Inflation Is A Continuous Rise In The Prices Simply Put Inflation Depicts An Economic Situation Where There Is A General Rise In The Prices Of Goods And Services Continuously It Could Be Defined As A Continuing Rise In Prices As Measured By An Index Such As The Consumer Price Index CPI Or By The Implicit Price Deflator For Gross Nation

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