• Inflating may be demand pull of cost push.
• Excess demand in relation to the supply of everything is the essence of inflation.
• Pure inflation starts after full employment
• Inflation is a monetary phenomenon and is caused by excessive money supply.
• A cyclical movement of prices is not inflation.
• Inflation is a dynamic process as observed over time.
• Inflation is essentially an economic phenomenon as it originates in the economic system and is the result of action and interaction of economic forces.
skilled writter answered the question on May 1, 2018 at 16:20
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