Question

theory of general price level and inflation​

Answer 1

Answer:

When the price level rises in an economy, the average price of all goods and services sold is increasing. ... This means that in the period during which the price level increases, inflation is occurring. Thus studying the effects of a price level increase is the same as studying the effects of inflation.

Explanation:

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Answer 2

Answer:

When the price level rises in an economy, the average price of all goods and services sold is increasing. ... This means that in the period during which the price level increases, inflation is occurring. Thus studying the effects of a price level increase is the same as studying the effects of inflation.

Explanation:

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