Answer:
Explanation:
Inflation is often defined in terms of its supposed causes. Inflation exists when money supply exceeds available goods and services. Or inflation is attributed to budget deficit financing. A deficit budget may be financed by additional money creation. But the situation of monetary expansion or budget deficit may not cause price level to rise. Hence the difficulty of defining ‘inflation’.
Inflation may be defined as ‘a sustained upward trend in the general level of prices’ and not the price of only one or two goods. G. Ackley defined inflation as ‘a persistent and appreciable rise in the general level or average of prices’. In other words, inflation is a state of rising price level, but not rise in the price level. It is not high prices but rising prices that constitute inflation.
Inflation may be caused by a variety of factors. Its intensity or pace may be different at different times. It may also be classified in accordance with the reactions of the government toward inflation.
Thus, one may observe different types of inflation in the contemporary society:
i. Currency Inflation
ii. Credit Inflation
iii. Deficit-Induced Inflation
iv. Demand-Pull Inflation
v. Cost-Push Inflation
Inflation is mainly caused by excess demand/or decline in aggregate supply or output. Former leads to a rightward shift of aggregate demand curve while the latter causes aggregate supply curve to shift leftward. Former is called demand-pull inflation (DPI) and the latter is called cost- push inflation (CPI).
The allusion in the scarlet letter refers to Daniel a wise biblical prophet. The speaker in that excerpt expected the reader to know this information that Daniel had the gift of answering difficult riddles and interpreting dreams.
<h3>What is an Allusion?</h3>
In literature, an allusion is an indirect reference to a person, event, or thing, as well as a section of another text.
The majority of allusions are founded on the premise that the reader is in the know about an idea that is commonplace and that the reader would grasp the author's reference thereby.
Learn more about Allusions at:
brainly.com/question/1219896
Answer:
This soliloquy of Hamlet is taken from Act III scene i of the play where he gave his famous "To be or not to be" speech.
Explanation:
Taken from Act III scene i of the tragedy play "Hamlet" by William Shakespeare, the plot revolves round the revenge plan of the young prince Hamlet against his uncle and step father Claudius. This speech refers to the human attitude towards death and the fear of actually dying, even though we are all destined to die one day.
Right along the lines of his famous "To be or not to be" soliloquy, the speech shows him faltering in his attempts to commit sui cide. But even though he is referring to the universal fear of saying among men, he is also indirectly referring to his own fear or reluctance to actually go forward with his proposed plan. he wants to avenge his father's murder, and get treated right as he should be. He wants to teach his uncle/ step-father/ king Claudius and his mother Queen Gertrude a lesson but he also knows it is risky and will possibly be disastrous for him too. He is rethinking his decision of doing what he had planned, admitting that "<em>the native hue of resolution Is sicklied o'er with the pale cast of thought,....... their currents turn awry, And lose the name of action". </em>
