...Assignment 2: LASA 1: Inflation and Government Economic Policies http://www.bls.gov/cpi/ 1. What is inflation? What are the causes of inflation? Is inflation desirable and what can be done to control inflation in a market economy? Inflation is the phenomenon of continuously rising prices of commodities and factors of production. There is a rise in the general price level. There are two broad types of inflation: Demand –Pull Inflation and Cost-Push Inflation Demand-pull inflation occurs when the economy attempts to spend beyond its capacity to produce. It means it tries to reach a point outside its production possibilities curve. The firm cannot respond to this excess demand by expanding real output because all the resources have already been fully employed. The excess demand will push up the price of the fixed real output. Cost push Inflation is caused by increase in cost of production. These are independent of aggregate demand. In addition to these two, there are monetary and fiscal factors. The factors of various causes of Inflation are listed below. Inflation is desirable because it sets up a process by which wealth is redistributed in a manner that leaves it more equally divided. This redistribution also removes the social cost of Inflation. As the all the prices do not rise or fall at the same time or in the same proportion, this causes redistribution of income. Inflation helps in reducing consumption due to high prices. This results in compulsory...
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...A abandon s.n. 1. {de drepturî) (dr.) desertion/renunciation of rights 2. (a/ navei, al încărcăturiî) (mar.) abandonment 3. (retragerea dintr-o operaţiune cu primâ contra cedării unei prime) {bur.) abandon ~ pe mare rea - abandon in heavy sea abandona v.t. 1. (drepttiri, pretenţii) to relinquish, to waive 2. (nava, încarcătura etc.) to abandon, to leave abandonare s.f. 1. (de drepturi, pretenţii) relinquishment 2. abandonment, abandoning ~ a navei - (de întregul echipqf, când nava nu mai poate fi salvaîa) abandonment of ship ~ a postului - dereliction ofduty ~ a produsului - (a prodncerii şi a comercializăru acestuia) product abandonment/elimination ~ a unui bun - (asig. mar.) dereliction abandonat adj. {asig. mar.) abandoned, derelict ~ temporar - temporarily abandoned abata v.t. (a exploata un zâcâmdnî} to work abataj s.f. 1. (loc) coal-face. stope, workings 2. (acţiune') mining. cutting, hewing 3. (al arborilor) felling 4. (al vitelor) slaughter abate v.t. 1. (din drnm) to turn oft7 aside/away, to divert, to deviate: to sheer, to v.'ander, 10 escape 2. (mar.} to steer off 3. (a/'boti) to fcll v.r. {de la} (dr.) to iniriiige, to vioîaie, to transgress abatere s.f. 1. tuming off/away, diverting, deviation 2. (dr.) infringe-ment, violation, transgression; trespass(ing) 3. {de la regulă) exception ~ de la datorie - breach ofduty ~ din drum - (niar.) deviation ~ disciplinară - misbehaviour, infraction ofdiscipline ~ medie - mean deviation ~ standard (concept statistic care indicâ...
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