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Why can’t prices just stay the same?
AI Summary
This video explains why prices can't simply stay the same, covering concepts like inflation targets, deflation risks, and how central banks manage economic cycles. Learners will build strong economics vocabulary including terms like inflation rate, interest rates, wage growth, deflationary spiral, and monetary policy. Perfect for understanding real-world financial news and developing professional English for business contexts.
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Key Vocabulary (14)
Inflation is a general increase in prices and a fall in the purchasing value of money. It essentially means that you can buy fewer goods and services with the same amount of money than you could before.
The plural of 'price', which is the amount of money expected, required, or given in payment for something. 'Prices' is used when referring to the cost of multiple goods or services, or to the general level of cost in a market or store.
People refers to a group of human beings or the general public. It is the standard plural form of the word 'person'.
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