Inflated Ideas..

Its the time when a whisper became a sound and the sound an echo. All nations of the country utter the same word "INFLATION"!

When such a scenario clutches the world from within, the intellectual me resolves to discuss the matter.

Close Hand Target One: Father

Question: Dad, What's the cause of inflation?

Ans: Ahem..various factors. The oil price rise for instance.

Aroused enthusiasm and curiosity. Questions back to back.

Question: So do people have less demand?

Ans: Yes, they have less money in hand.

Question: So consumption decreases?

Ans : Yes, there may be a mild depression even.

An extended curiosity. Before another question, father gladly recollects his delay for work. Disappointed, I think.

Eureka! Idea struck.

Resolve to ask Close Hand Target II: Economics Teacher.

Question: Mam now that we have inflation, and less money in hand, what do economists suggest to come out of this?

Ans: Ah, well its simple. They follow the basic economics principle.

Question : And that is?

Ans: That is, they assume the economy is out of inflation!

Umm..I think why I really wish to study this subject.

May be because when I am unemployed, at least I'll know why I am so!