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In economics, hyperinflation is a very high and typically accelerating inflation.It quickly erodes the real value of the local currency, as the prices of all goods increase.
Trend of monthly inflation rate in Italy, from 1962 to February 2022. In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. [1]
Muth showed that agents making decisions based on rational expectations would be more successful than those who made their estimates based on adaptive expectations, which could lead to the cobweb situation above where decisions about producing quantities (Q) lead to prices (P) spiraling out of control away from the equilibrium of supply (S) and ...
Economic inequality risks creating social discontent, which can boil over into political conflict, according to Zia Qureshi, ... Income inequality is out of control. Our tax policy has gone full ...
How much the U.S. should allocate to the Department of Defense remains a contentious topic in the debate over government spending. After a great deal of chaos, on March 23—about halfway through ...
The spiraling cost of war means growing economic pain for Russia “We have no funding restrictions,” Russia’s President Vladimir Putin told a gathering of military top brass in December.
Other economic concepts related to inflation include: deflation – a fall in the general price level; [17] disinflation – a decrease in the rate of inflation; [18] hyperinflation – an out-of-control inflationary spiral; [19] stagflation – a combination of inflation, slow economic growth and high unemployment; [20] reflation – an ...
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...