inflation flashcards

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what is inflation? Inflation is the rise in the general price level throughout the economy.
How is inflation measured? Inflation is commonly measured by the Consumer Price Index
What are causes of inflation? Too much money, Cost-push inflation, Demand-pull inflation
Which of the following can start an inflation? A) an increase in aggregate demand B) an increase in aggregate supply C) a decrease in aggregate supply An increase in aggregate demand and a decrease in aggregate supply
Demand pull inflation is as a result of an increase in _____ An increase in aggregate demand
what is cost push inflation? Cost push inflation is a type of inflation caused by substantial increase in the cost of imported goods and services where no suitable alternatives are available

what is inflation?

How is inflation measured?

What are causes of inflation?

Which of the following can start an inflation? A) an increase in aggregate demand B) an increase in aggregate supply C) a decrease in aggregate supply

Demand pull inflation is as a result of an increase in _____

what is cost push inflation?

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