CEVAP:

Inflation: As widely seen in written and visual media, everybody has an idea about inflation more or less. Inflation is the general increase in all prices in the economy. However, it is necessary to separate the increase of a single good’s price from the increase of all goods’ prices (general price level). As you remember from microeconomics, the price of a single good may change due to fluctuations of that good’s supply and demand. If there is an increase in a single good’s price, it is not correct to consider this as inflation. If the prices of most of the goods and services in
an economy (namely average price level) increase, then inflation occurs.