Inflation and Deflation

Inflation and Deflation
Introduction:
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Keeping prices stable is one of the most important economic goals facing any nation. Governments face the responsibility to control inflation due to many factors affected by it. Understanding the definition of inflation will broaden our knowledge to other factors contributed in macroeconomics such as GDP (Gross Domestic Production), CPI (Consumer Price Index), and Deflation...etc.
<Tab/>I will relate my inflation study to US because most information regarding microeconomics is easy to find since everything is archi…