write an essay on inflation in pakistan
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From 2003 till 2010, the average inflation rate in Pakistan was 10.15 percent. One of the main causes of inflation has been the excess printing of banknotes, high prices of raw materials and finished products, high taxes, as well as corrupt practices that result in the price level increases.
The major cause of increase in the price level is an increase in money supply. It may be due to increase in currency or credit money. ... Corruption and black money leads to increase in aggregate demand, which is cause of inflation. These evils increase aggregate demand and import volume.
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