This event often happens with the central bank printing more money without any intrinsic backing, and the hyper form of this concept occurs when money printing goes unchecked.
The cost-push type of this phenomenon occurs when the aggregate supply falls as a result of an increase in the cost of production. The annual change in the consumer price index can be used to determine this quantity for an economy. This event often happens with the central bank printing more money without any intrinsic backing, and the hyper form of this concept occurs when money printing goes unchecked. For 10 points, name the economic concept that is the opposite of deflation.
The cost-push type of this phenomenon occurs when the aggregate supply falls as a result of an increase in the cost of production.
{inflation}