Question

Heyy! Can you please answer these questions​

Answer 1

Answer:

1) inflation is the rise in the general level of prices of goods and services in an economy over a period of time. 7) deflection is a persistent fall in the general price level of goods and services. 4) base year is the reference year to count CPI and wpi, eg CPI and wpi count according to 2012 and 2011 base year respectively...