Geography: Introduction - Concept for Introduction of Inflation

Define the term ‘inflation’.

Solution

Crowther defined inflation as ‘a state in which the value of money is falling, i.e. prices are rising.’ It refers to a state of rising prices and not a state of high prices.

Concept: Concept for Introduction of Inflation

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2014-2015 (March)

Q 6.2 Q 6.1 Q 6.3

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2014-2015 (March) (with solutions)

Q 6.2 | 2 marks

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Geography: Introduction - Concept for Introduction of Inflation

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