what are the features of inflation
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Features of Inflation
Inflation is scarcity oriented. Inflation is dynamic in nature. Inflationary price rise is persistent and irreversible. Inflation is caused by excess demand in relation to supply of all types of goods and services.
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Characteristics of Inflation
- Persistent rise in prices. The first characteristic feature of inflation is the persistent rise in prices. ...
- Excessive supply of money in economy. The second feature of inflation is an excessive supply of money in the economy. ...
- Vicious circle of inflationary spiral.
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