Write a note on ‘stable prices for inflation control’.

Price stability implies avoiding both prolonged inflation and deflation.

Inflation is a rise in the in the general price level of goods and services in an economy over a longer period of time resulting in a decline in the value of money and purchasing power. Deflation is a decrease in the general price level of goods and services over a longer period of time. Too rapid inflation is negative for many reasons: it complicates the economic decision-making process and slows economic growth. In addition, ______ ____ __________ ________ ______ ____ __________ ______.
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