Homework SourseTMobile LTE 842 AM 96 Week 4 Assignment click here to sub Q
Solution
A sustained increase in the general level of prices for all goods and services is generally defined as inflation. Under conditions of inflation, the prices of things rise over time and is measured as an annual percentage change. When there is a rise in inflation, every dollar owned buys a lesser percentage of goods and services, and when prices rise, alt4ernatively the value of money falls. The purchasing power determines the value of a dollar, and if inflation rises, there is a decline in the purchasing power of money. The most commonly accepted hypotheses of inflation are Demand-Pull inflation, Cost-Push inflation, and Monetary inflation. Demand-Pull inflation is caused by the overall increase in demand for goods and services which leads to hikes up their prices. Cost-Push mainly arises due to costs of production going up. Monetary inflation is mainly caused by an oversupply of money in the economy.
* The latest annual inflation rate for the United States through December 2017 is 2.1%.
* The annual inflation rate for the United States through December 2012 was 2.1%.
* The annual inflation rate for the United States through December 2013 was 1.5%.
* The annual inflation rate for the United States through December 2014 was 1.6%.
* The annual inflation rate for the United States through December 2015 was 0.1%.
* The annual inflation rate for the United States through December 2016 was 1.3%.
* The latest annual inflation rate for the United States through December 2017 is 2.1%.
The Bureau of Labor Statistics (BLs) publishes inflation rates about two weeks into a new month using data collected through to the end of the previous month. The above data is chosen from the inflation rates published by the BLS.
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