Problem
Explain the significance of inflation, deflation, price index, consumer price index, market basket, base year, creeping inflation, hyperinflation, producer price index, stagflation, implicit GDP price deflator, demand-pull inflation, cost-push inflation, creditor, and debtor.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.