Macro 4 - Inflation Flashcards
1
Q
Cost push inflation
A
Inflation caused by a decrease in AS
2
Q
Demand pull inflation
A
Inflation caused by an increase in AD
3
Q
Inflation
A
The general rise in prices of goods and services
4
Q
Deflation
A
The persistent fall in prices of goods and services
5
Q
Disinflation
A
A reduction in the rate of inflation
6
Q
Retail Price Index
A
The old measure of inflation which has lost its national statistic status
