What does inflation mean?
Q: What does inflation mean?
A: Inflation means the general level of prices is going up.
Q: What is the opposite of deflation?
A: The opposite of deflation is inflation.
Q: Why do economists measure inflation regularly?
A: Economists measure inflation regularly to know an economy's state.
Q: How does inflation change the ratio of money towards goods or services?
A: Inflation changes the ratio of money towards goods or services by needing more money to get the same amount of a good or service.
Q: What are customer baskets?
A: Customer baskets are certain defined groups of goods and services that are used to measure inflation.
Q: Are there positive and negative effects of inflation?
A: Yes, there can be both positive and negative effects of inflation.
Q: What is deflation?
A: Deflation is the opposite of inflation and means that the general level of prices is going down.
