Last weekend, I had a time to check my old college books and notes and some of my things during my teenage years. My mom put them inside a big box so that my room will be clean and organized. When I got married, I brought all those things in our new house because they have such sentimental value. I was checking my economics books when I saw my
Super Mario magazines. Those games are awesome and funny. Later, my brother came and asked if I have my economics books. He had an assignment and he forgot to go to the library. His topic was about inflation and deflation.
After reading my books, he learned that inflation is the overall general upward
price movement of goods and services in an economy and is usually measured by the Consumer Price Index and the Producer Price Index. This term strictly applies to a given economic region in which a currency is used. It may also apply to smaller or larger regions. He also took notes about deflation, which occurs when decreased demand for goods and services causes a widespread drop in prices. It usually occurs during a recession or depression as consumers and business spending shrinks. When he finished his homeworks, he was so thankful that my books were still available and useful.
