Created by: Gorogattila
Number of Blossarys: 5
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Purchasing power (sometimes retroactively called adjusted for inflation) is the number of goods or services that can be purchased with a unit of currency. For example, if one had taken one unit of ...
An economic situation characterized by steadily rising prices, and falling purchasing power. It is in part caused by wage rates increasing faster than productivity.
A general decline in prices, often caused by a reduction in the supply of money or credit. Deflation can be caused also by a decrease in government, personal or investment spending. The opposite of ...
In economics, deflation is a decrease in the general price level of goods and services.