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The Effects Of Inflation - Online Term Paper

The Effects Of Inflation

" A pair of inflation indicators released Friday showed that inflation is on the rise", is the article that I chose to review. I found the article on the Wall Street Journal's web page. In it there are different links to current business articles, stock market updates, and current issues in the nation's economy. The article that I found basically dealt with the rise of inflation; this article was published on November 5, 1999.
The article talks about how the Economic Cycle Research Institute's future inflation is increasing at it's highest level in the past four years due to a rise in material costs and a tight labor market. It rose up to 115.5 in October- an upwardly revised 113. 3 in ...

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Inflation is clearly measured by the price index such as those numbers stated above. Price Index clearly measures the general level of prices in any year relative to prices in a base period. There are different types of inflation one is Demand Pull Inflation; meaning "changes in the price level are attributed to an excess of total spending beyond the economy's capacity to produce. Because resources are fully employed, the business sector cannot respond to this excess demand by expanding output, so the excess demand bids up the prices of the limited real output, causing demand pull inflation." This more or less is called "too much spending chasing too few goods." Demand-pull inflation will continue as long as there is excess total spending versus a Cost-push inflation, which automatically is self-limiting; it will die out by itself. Increased per-unit costs will lead to reduce supply, which means decreased real output and employment. These decreases will constrain further ...

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PAPER DETAILS

Added: 7/20/2008 02:50:07 AM
Category: Economics
Type: Premium Paper
Words: 707
Pages: 3

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