Understanding Inflation

21st-Century Economics

Author (s) : Chet’la Sebree

Publisher Marshall Cavendish: Cavendish Square Publishing
Publication Year 2019
Copyright Year 2020
eBook ISBN 13 9781502646019
ISBN13 9781502646002
Page 80
Language English
Category: Tag:


An inflation rate of 2 or 3% can be good for the economy, as it helps boost businesses’ profits. Unchecked, however, inflation can lead to financial hardships for individuals and widespread economic downturns. This book discusses how inflation is affected by supply and demand, its history, how it can be regulated, and how lack of regulation can affect the economy. Examples throughout U.S. history and comparisons of the costs of goods over time show how it affects the economy.