Page 63 - FINAL CFA SLIDES DECEMBER 2018 DAY 5
P. 63
Session Unit 4:
17. Understanding Business Cycles, p. 1
LOS 17.e: Explain inflation, hyperinflation, disinflation, and deflation.. p.89
Inflation is a persistent increase in the price level over time.
Related concepts:
• Hyperinflation (inflation out of control),
• Inflation rate,
• Disinflation (rate of increase declining but above zero)
• Deflation (decreasing price level)
