Define "Inflation

question 119

Essay

Define "inflation." Be specific.Be sure to address whether the prices of all goods are increasing,what is included in determining the basis for changes in the price level,and how the price level is measured.

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Definitions:

Recessional Moraine

A ridge of debris deposited at the point of furthest retreat of a glacier or ice sheet.

Continental Ice Sheet

A vast expanse of ice covering a large portion of a continental area, often thousands of kilometers wide and extremely thick.

Teardrop-Shaped Hills

Elongated hills formed by the erosion of underlying soft rock covered by a harder rock cap, often found in arid climates.

Hanging Valley

A glacial valley whose mouth is higher than the bottom of a larger glacially carved valley it joins.