Concept
Version 6
Created by Boundless
Determinants of Long-Run Growth
Inflation
Inflation occurs when the price of goods and services are rising which causes purchasing power to fall if wages don't also rise. Inflation is a negative effect of economic growth that is not balanced.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"US Historical Inflation Ancient."
http://en.wikipedia.org/wiki/File:US_Historical_Inflation_Ancient.svg
Wikipedia
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