Ankesh Pandey Official

🔹Topic- Change in the Value of Money Change in the Value of Money The change in the value of money can take the following forms • Inflation It is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. Inflation is the percentage change in the value of the Wholesale Price Index (WPI) or, a year basis. Causes of inflation in India are • Increase in public expenditure • Deficit financing • Erratic agricultural growth • Agricultural price policy of government •Upward revision of administered price • Inadequate rise in industrial production • The main causes or inflation are either excess aggregate demand (economic growth too fast) or cost push factors (supply side factors). Reflation A fiscal or monetary policy, designed to expand a country's output and curb the effects of deflation. Reflation policies can include reducing taxes, changing the money supply and lowering interest rates. The term 'reflation' is also used to describe the first phase of economic recovery after a period of contraction. It is an attempt to bring back inflation in an economy, which is in deflation so as to induce growth. Stagflation When you have a slow economy with high inflation and unemployment rates, then stagflation is usually the result. When the economy does not grow and prices continue to rise, you have a stagflation cycle in the economy. Disinflation This is a reduction in the rate of inflation over time, even though inflation itself may be positive. Deflation A general decline in prices, often caused by a reduction in the supply of money or credit. Deflation can be also caused by a decrease in government, personal or investment spending. The opposite of inflation, deflation has the side effect of increased unemployment, since, there is a lower level of demand in the economy, which can lead to an economic depression.

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Document from Ankesh Pandey

Document from Ankesh Pandey