In this introductory tutorial on inflation, we talk about:
(You can watch the video at https://www.youtube.com/watch?v=P-q_vubElaI )
- Meaning of inflation
- Different types of inflation
-rate based
-time of occurrence based
-cause based
-government's reaction based
- Effects of inflation
-redistribution of wealth and income
-effects on production and consumption
-Other effects
- Philip's curve
- Deflation
- Disinflation
- Reflation
- Stagflation
- Graph depiction for a better understanding of all the terms related with inflation