different types of inflation Flashcards
1
Q
whats inflation
A
sustained increase in the general price level
2
Q
whats deflation
A
A fall in the general level of prices (below 0)
3
Q
whats disinflation
A
a reduction in the rate of inflation
4
Q
hyperinflation
A
out of control inflation
5
Q
stagflation
A
High inflation combined with low econ growth
