The Importance of Inflation

Page Count: 2
Length: 422 Words

According to an article written by Rebecca Hellerstein published on the Federal Reserve Bank of Boston website, economists define inflation as a sustained rise in the general level of prices. High inflation is bad for the economy. High inflation adversely effects economic performance. Even moderate levels of inflation can distort investment and consumption decisions. Reducing inflation also has costs associated with the including lost output and higher rates of unemployment. The goal of the United States government is to maintain low and relatively stable levels of inflation in the 2 percent to 3 percent per year range

Read the full essay by joining our writing community - over 32,000 professional essays and term papers. Access this essay now!

Category: Economics -

Some common topics found in the essays are:

Bank Boston, Kimberly Amadeo, Management Company, Retrieved June, Review Web, United Hellerstein, Answerscom Web, Hellerstein Rebecca, Co Web, rate inflation, , 3 2008, web site, june 3, retrieved june, retrieved june 3, june 3 2008, reserve bank boston, investment management, published online, levels inflation, rates inflation, pacific investment management, standards living, federal reserve bank,

Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!