Inflation :
نویسندگان
چکیده
"When I was your age, I walked 20 miles uphill in the snow to get to school and a gallon of milk only cost a nickel/ Who doesn't remember grandparents and relatives sharing similar stories with us at family get-togethers? Today, a gallon of milk at the grocery store will cost more than a nickel, as will other goods that our grandparents paid considerably less for in their day. The overall rise in prices is known to economists as inflation. Over the long run, inflation is caused by too much growth in the money supply. Monetary inflation is bad because it obscures the price signals that make our market system work efficiently The job of monetary policy is to supply just the right amount of money so that the average price level remains stable. Over short periods, however, inflation can be influenced by large changes in the market for particular goods and services. Because these bouts of inflation
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