Study of Characteristics of inflation
Keywords:
Inflation, ServicesAbstract
When the price of goods and services rises, the economy experiences inflation, and when they fall, the economy experiences deflation. Both inflation and deflation are equally undesirable outcomes. Since the economy may rapidly shift from one situation to the other in response to inflation and deflation, it is crucial to keep the two in check. By means of interest rate setting and other monetary policy tools, the Reserve Bank of India monitors and regulates price increases and decreases inside India.
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