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
        ee oseph E. g it an Car E. Wa sh,      ,                              ,    ,
      D                   , G      ,      H         ,     ,