外文翻译---隐蔽性通货膨胀的影响及其应用(编辑修改稿)

外文翻译---隐蔽性通货膨胀的影响及其应用(编辑修改稿)内容摘要：

on to credit restrictions, wage controls, contraction of the money supply, reduction in demand by raising taxes, increased demand by reducing taxes, enlarged supply of goods through greater productivity stimulated by investment incentives and wageprice guidelines backed by political persuasion to manage inflation and its effects on the economy (Park 2020). On the other hand the government can redefine the currency in terms of the currency of another country, control banks and corporations, and control of the flow of capital into and out of the country in order to decrease inflation(SharpBette and Park 1990). 4 Most of the engineering economists are more interested in the effects of inflation than its causes and corrections. Due to inflation, a dollar assumes different values at different times. The dollars do not have the same value for yesterday, today and tomorrow. The engineering economists have to predict the dollars’ values and organize their works by concerning with inflation and also they have to research what would happen if inflation became high level such as moderate or severe. Inflation Measurement The measurement of inflation is difficult because the prices of different goods and services do not increase or decrease by the same amount, they change at different times by the different amounts. The calculation of a general inflation rate can be changed by geographical differences in prices and different buying habits of consumers. The whole sale price index, producer price index, and consumer price index are used for the measurement of inflation rates. The consumer price index is the most monly used technique for the inflation rate measurement. The whole sale price index (WPI): This index measures inflation at the whole sale level for both consumer and industrial goods. Producer price index (PPI): This index measures average changes in prices receivedby producers of all modities. On the other hand PPI is a posite that measures changes in prices paid for selected goods and services used by producers(Blank and Tarquin 2020). Consumer price index (CPI): For calculation of CPI, prices for goods are obtained monthly and are averaged according to demographic distributions. Then the prices are weighted according to the expenditure proportions of the typical family (Park2020). CPI is a posite that measures changes in prices paid for selected goods and services used by ultimate consumers (Blank and Tarquin 2020). In CPI seven different things are measured as fixed market basket of goods, foods and beverages,housing, apparel and upkeep, transportation, medical care, entertainment, and other (education, personal care, etc.). This index shows the effect o。