Sarah Steward Inflation The value of money can be defined at the amount of goods and services that a certain amount of money can buy in an economy. The amount that can be bought depends (ceteris paribus) on the amount of inflation that exists in an economy. Inflation is a sustained general rise in prices or how much the general price level changes over time. There are various methods that can be used to measure …showed first 75 words of 2156 total…

…showed last 75 words of 2156 total…Volume 4, 2000 2. Olson, Mancur The Rise And Decline of Nations: Economic Growth, Stagflation, And Social Rigidities. Yale University Press. March 1984 3. Solow, Robert M. and John B. Taylor Inflation, Unemployment, and Monetary Policy. MIT Press. February 1999 4. Hazlitt, Henry The Inflation Crisis and How to Solve It. University Press of America. October 1983 5. Weintraub, Sidney Classical Keynesianism: Monetary Theory and Price Level. Greenwood Publishing Group. January 1972 6. http://www.clev.frb.org/Research/Et96/1096/output.htm “Inflation and Prices” Sept. 1996