Hyper inflation Flashcards
1
Q
Hyper Inflation
A
Country experiences monthly inflation rate over 50% or 13k annual inflation
2
Q
Velocity of money
A
The number of times a dollar is spent per year
3
Q
Recession
A
Down turn in the market for period of time
4
Q
Depression
A
When Real GDP falls and keeps falling for a long period
5
Q
Liquidity trap
A
When prices fall, and thus people anticipate they will keep falling, so they proceed not to spend which ends up in people getting laid off
6
Q
Stagflation
A
When output slows down, stops or stagnates at the same time that prices rises
