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Money, the economy, and inflation Lecture # 06 Inflation Inflation is an increase in the overall price level. Deflation is a decrease in the overall price level. Sustained…

Documents Statistics for Business and Economics: bab 17

INDEX NUMBERS Slides Prepared by JOHN S. LOUCKS St. Edward’s University © 2002 South-Western/Thomson Learning ‹#› Slide ‹#› Chapter 17 Index Numbers Price Relatives…