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What are the facts of inflation

What are the facts of inflation?

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1. In the past, deflation has been as much a problem as inflation.  For example, the 1930s depression was a period of declining prices and wages.

2. All industrial nations have experienced the problem.

3. Some nations experience astronomical rates of inflation (Angola’s was 4,145 percent in 1996).

4. The inside covers of the text contain historical rates for the U.S.

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