1. Inflation
Inflation, Deflation, Hyperinflation and Stagflation There are four ways the economy works when it comes to prices, employment, and what the value of the dollar is. These are inflation, deflation, hyperinflation and stagflation. Inflation can be a good thing or a bad thing, in a good economy with low employment it is good to have inflation, but when there is bad unemployment inflation is a bad thing because people do not have or earn enough money to keep up with changing prices. ... G-4), is basically how far will your money go and what can you afford to buy with it. ... Inflation in effec...
- Word Count: 1165
- Approx Pages: 5
- Grade Level: High School