The Federal Reserve considers "overinflation," that is inflation to an excessive degree, to be D. above 3% annually.
What is inflation?
Inflation is a decrease in the purchasing power of a currency due to the rising prices of goods and services in an economy.
Some of the causes of inflation are:
- Exchange rate changes
- Increased demand
- Increasing national debt
- Governmental regulations
- Increased production costs, etc.
Thus, tThe Federal Reserve considers "overinflation," that is inflation to an excessive degree, to be D. above 3% annually.
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