Bulgaria Suffering From Deflation Esay
Bulgaria is one of the European countries that has been experiencing sharp deflation since 2013 besides Cyprus and Greece. Its inflation level has been negative reaching almost that of the lowest inflation country (Zimbabwe) in the world with -2.2%.
Macroeconomics is a category of economics that deals with the behavior of the aggregate economy (Mankiw 96). The behavior of a given economy is looked into under a variety of economic phenomena such as price levels, inflation, growth rate, national income, changes in employment and gross domestic product. Macroeconomics is mainly concerned with trends in the economy and and its general development.