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LSDefine

Simple English definitions for legal terms

inflation

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A quick definition of inflation:

Term: INFLATION

Definition: Inflation is when things cost more money than they used to. This means that the money you have is worth less than it used to be. There are two main types of inflation: cost-push inflation, which happens when it costs more to make things, and demand-pull inflation, which happens when there are more people who want to buy things than there are things to buy.

A more thorough explanation:

Definition: Inflation is a situation where the general prices of goods and services increase, while the value of money decreases. This means that you will need more money to buy the same things you used to buy before. There are two types of inflation:

  • Cost-push inflation: This type of inflation happens when the cost of producing goods and services increases. For example, if the cost of raw materials used to make a product increases, the manufacturer may increase the price of the product to maintain their profit margin.
  • Demand-pull inflation: This type of inflation happens when there is more demand for goods and services than there is supply. For example, if there is a shortage of a particular product, people may be willing to pay more to get it, which can lead to an increase in its price.

Inflation can have a negative impact on the economy and people's lives. It can reduce the purchasing power of money, increase the cost of living, and make it harder for people to save money.

Examples:

  • When the price of gasoline increases, the cost of transportation also increases. This can lead to an increase in the prices of goods and services that require transportation, such as food and clothing.
  • If there is a shortage of housing in a particular area, landlords may increase the rent for their properties. This can lead to an increase in the cost of living for people who rent homes.

These examples illustrate how inflation can affect the prices of goods and services that people need and use every day. When the prices of these things increase, people may have to spend more money to maintain their standard of living.

inflammatory | inflation rate

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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