Inflation - Growth inflation: Production growth means more...

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Inflation Inflation is a widespread rise in prices Prices go up because of - economic growth - government policy (i.e. sales tax increase) - outside inflation
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Unformatted text preview: Growth inflation: Production growth means more need, which causes shortages This drives up prices for physical and human capital...
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This note was uploaded on 04/02/2008 for the course ECON 100 taught by Professor Hayworth during the Winter '08 term at Eastern Michigan University.

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