1. Measuring the Cost of LivingChapter 23 2. Measuring the Cost of Living ••Inflation refers to a situation in which the economy’s overall price level is rising. The…

1. Inflation 2. What is Inflation?• The general upward movement inthe average level of prices of thegoods and services in an economy 3. What is Deflation? • The general…

Slide 1Kinnithrung Sprat Development and Economic Research Counselor World Trade Organization Wednesday, May 8, 2002 New Horizons in Third-world Agribusiness Globalization…

1. New Horizons in Third-world Agribusiness Globalization Kinnithrung Sprat Development and Economic Research Counselor World Trade Organization Wednesday, May 8, 2002 2.…

Inflation What is Inflation? The general upward movement in the average level of prices of the goods and services in an economy What is Deflation? The general decrease in…