What is Inflation?
Inflation is a continuing rise in the general level of prices. Inflation results in our money having less purchasing power – our money is worth less. Deflation is the opposite, a decrease in the level of prices. Inflation results in: higher interest rates (people want to see a gap between …
Read MoreIntroductory Macroeconomics Questions and Answers
These introductory macroeconomics questions and answers will direct you to more resources to help in your study of macroeconomics. Introductory Macroeconomics Questions and Answers Hopefully these introductory macroeconomics questions and answers have helped you understand this important topic.
Read MoreWhat are Index Numbers?
These questions and answers will help you understand how index numbers are created. Economic indicators such as the price index ‘The Consumer Price Index’ or CPI are used in business to illustrate how the vale of items is changing over time due to rising prices. Learn about their meaning and …
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