What are different types of inflation and deflation?
Solution (By Examveda Team)
Inflation refers to a situation when there is an overall increase in the prices of goods leading to a general decline in the value of money.Deflation is the reverse of inflation. It refers to a sustained decline in the price level of goods and services.
1. Demand Pull Inflation
2. Cost Push Inflation
3. Low Inflation
4. Deflation
5. Stagflation
6. Galloping Inflation
7. Hyper Inflation
8. Skewflation Demand Pull Inflation
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