Inflation/Deflation

Question 1

What is Inflation?

Answer 1

Inflation is a sustained increase in general price level

Question 2

What is Hyperinflation?

Answer 2

Occurs when Inflation rises above 50%

Question 3

What is Deflation?

Answer 3

Deflation is the sustained fall in the general price level

Question 4

What is Disinflation?

Answer 4

Disinflation is when the inflation rate is positive but decreasing