Introduction
The term inflation (from latin - a swelling) for the first time began to use in America during the Civil war 1861-1865. However inflation is known to people since money have widely started to be used in economic exchange.
By inflation we mean a general rise in prices throughout the economy.
During the 1950s and 1960s, rates of inflation were generally low in the advanced industrialized economies. In the early 1970s, however, inflation rose dramatically. By the end of the decade, many governments regarded inflation as the most pressing of their economic problems. Mrs Thatcher,…
