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Theme 2 - The UK Economy > 2.1.2 Inflation > Flashcards

2.1.2 Inflation Flashcards

1
Q

Define Inflation

A

An increase in the general price level

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2
Q

Define deflation

A

Fall in the prices and indicates a slowdown in the rate of growth of output in the economy

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3
Q

Define Disinflation

A

Reduction in the rate of inflation

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4
Q

What is the CPI

A
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Theme 2 - The UK Economy (25 decks)

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