3 ms·
Yes, because inflation is already the first derivative of cost. So the 'rate of increase' of inflation is the second derivative. And to say that the second der
by ericsoderstrom 4y ago
Yes, because inflation is already the first derivative of cost.
So the 'rate of increase' of inflation is the second derivative. And to say that the second derivative is decreasing is another way of saying the third derivative is negative