Day 195 of 365
July 14
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Economics The Economics of Inflation
Inflation is the rate at which prices increase over time, reducing purchasing power. Central banks target mild inflation (around 2%) as healthy for economies. Hyperinflation, like in Zimbabwe or Weimar Germany, occurs when inflation spirals out of control, devastating economies.
💡 Did you know?
Zimbabwe once printed a 100 trillion dollar note that was worth about 40 US cents!
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