Katarina Nolte

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27th January 2010

Photo reblogged from this isn't happiness. with 80 notes

nevver: Another day, another dollar.

“In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also an erosion in the purchasing power of money - a loss of real value in the internal medium of exchange and unit of account in the economy.
A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.”

http://en.wikipedia.org/wiki/Inflation
http://en.wikipedia.org/wiki/File:World_Inflation_rate_2007.PNG

Tagged: currency

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    hahahaha, these are great.

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    snowce | nevver:...Another day, another dollar.

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    “In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of...

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