2.3.3 Inflation and deflation Flashcards
1
Q
inflation
A
annual increase in gernal level of prices, price level measured by CPI
2
Q
deflation
A
general level of prices is falling overtime
3
Q
disinflation
A
where the rate of inflation falls but is still positive e.g. 5% to 2%
4
Q
demand-pull inflation
A
