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Kerala PSC Indian Economy Book Study Materials Page 165
Book's First Page7 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 ee oseph E. g it an Car E. Wa sh, , , , D , G , H , ,