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Finance > 3. What Is Inflation? > Flashcards

3. What Is Inflation? Flashcards

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1
Q

What is inflation?

A

Increase in prices

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2
Q

What are causes of inflation?(2)

A

Supply and demand

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3
Q

Who is the most affected by inflation?(3)

A

Welfare,retirement and fixed income

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4
Q

What is a basket of goods?

A

Trending things

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5
Q

What can you do to minimize the effects of inflation?(2)

A

Focus on nécessities, but cheaper brands.

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Finance (5 decks)

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