The key is to understand what inflation is. The definition of inflation that economists use is "an excessive amount of cash chasing too few goods." When you break this down, you will discover parts. There may be the quantity cash part and the products part. The word "items" means anything that you simply purchase with money, which could possibly be things, providers, expertise etc. Discover that there is...
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The key is to understand what inflation is. The definition of inflation that economists use is "an excessive amount of cash chasing too few goods." If you happen to break this down, you will discover parts. There's the quantity money part and the products part. The word "goods" means anything that you purchase with cash, which may very well be things, companies, experience etc. Discover that there is a...