Chapter 7 · Part 1

Inflation and Business Cycle

Inflation types, CPI/WPI, control & the business cycle.

Concepts

Formulae

6 min

Read time

Advanced

Learning objectives

1Explain meaning and Measurement of Inflation
2Explain types of Inflation
3Explain causes and Effects
4Explain controlling Inflation
5Explain related Price Concepts
6Explain the Business Cycle

Your learning path

Introduction

Meaning and Measurement of Inflation

Types of Inflation

Causes and Effects

Controlling Inflation

Related Price Concepts

The Business Cycle

Summary

Quiz

Revision

Follow the full path

Key terms

Inflationdeflationbusiness cycleCPI, WPIStagflationSkewflationGDP deflatorFiscal policyCore inflationMonetary policyCost-push inflationDemand-pull inflationcounter-cyclical policydemand-pull or cost-pushConsumer Price Index (CPI)monetary and fiscal policy

Connected chapters

Banking in Indiashares: monetary policy Public Finance and the Budgetshares: fiscal policy

6Concepts

1Formulae

6Minutes

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