Explain in detail about the above causes of inflation.

Inflation is defined as the rise in the prices of goods and services over time and it reduces the purchasing power of the currency.

There are several causes for inflation but no single theory that is agreed upon by all economists and academics. Some theories are Demand- Pull Inflation, Monetary Inflation, and Cost-Push Inflation.

Explain in detail about the above causes of inflation. What are the other theories that cause inflation? How can inflation be controlled? Please discuss.

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