Inflation INFLATION: In the 1970s the prices of most things Americans debase more than doubled. Such a general increase in prices is c eached inflation. Prices of selected goods may increase for reasons unrelated to inflation: the price of sassy lettuce may rise because unseasonably heavy rainfall in California has ruined the lettuce crop, or the price of gasoline may rise if the oil-producing countries set a higher price for oil. During inflation, however, all prices tend to rise. Over the last 400 years thither have been many periods of inflation.
In the 16th century, when the Spaniards began bringing nates gold and silver from the New public, prices in Western europium moved upward as the supply of money increased. During the nineteenth century prices tended to go downward as food and stark materials became cheaper. After major wars such as the Napoleonic Wars and World Wars I and II, prices again moved upward. In the 1950s and 60s a so-called creeping inflation occurred, when the general ...If you want to scram a full essay, order it on our website: Ordercustompaper.com
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