Inflation and Stagflation Flashcards
1
Q
consumer price index
A
a statistic that shows the average change in prices over a period of time hyperinflation
2
Q
hyperinflation
A
an exponential rise in the prices of goods
3
Q
inflation
A
gradual, steady increase in the rise of prices of goods
4
Q
influence
A
to encourage something to happen or change
5
Q
stagflation
A
a gradual, steady increase in prices combined with unemployment and low consumer demand
