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| | | | | | This contest is fueled by the following news: |
| | The nominal amount of money in circulation, can in reality have different purchase power depending on the real value of money. Decrease in the real value of money is called inflation, while the opposite process is called deflation, when the same nominal money actually gain more purchase power.
There's another interesting term, called Agflation:
Economists from invest corporation Goldman Sachs for designating the harsh growth of prices on agricultural products thought new terminology: «Agflation» (agricultural inflation). High rates of agflation were registered already twice consequently. In year 2006, index of prices on food products, prepared by Goldman Sachs, increased by 26 percents. In year 2007 its growth was 41 %. In both cases the purchasing power of money for agricultural products decreased.
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This is a sequel to our contest
