7
7.1
C h a pn lation t e and r siness le
InflatIon and
BusIness CyCle
Fluctuations in the level of economic activity, alternating between periods of
depression and boom, led by one prominent factor, i.e., the expectations of the
future demand—intertwined with the inflation—has always been a fascinating
topic for economists.*
In This Chapter...
Section-A
Introduction Inflation Targeting
Definition Base Effect
Why Inflation Occurs Effects of Inflation
Types of Inflation Inflation in India
Other Variants of Inflation Government Steps to Check Inflation
Other Important Terms
Section-B
Introduction Growth Recession
Depression Double-Dip Recession
Recovery Abenomics
Boom Conclusion
Recession
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