1
Q
What is inflation ?
A
Inflation is the sustained increase in the average price level of an economy over a given period of time
2
Q
What is deflation?
A
Deflation is the sustained decrease in the average price level of an economy over a given period of time
3
Q
What is disinflation?
A
Decrease in the rate of inflation
4
Q
What is meant by inflation rate?
A
The inflation rate is the percentage change in the average price level over a given period of time
5
Q
What is hyper inflation?
A
Hyperinflation means a very high rate of inflation; prices are increasing sp fast there is a severe loss of confidence in the value of money
A Level OCR Macroeconomics
flashcards
Decks in class (21)
# Cards
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1.093
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2.4 Inflation35
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2.5 Balance Of Payments25
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2.3 Unemployment37
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3.1 Fiscal Policy46
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Monetary Policy24
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Inflation5
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Suuply Side Policy19
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Phillips Curve7
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4.1 And 4.3 International Trade11
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4.4 Trade Policies: Protectionism21
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4.2 Exchange Rates35
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4.3 Globalisation18
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4.4 Economic Integration21
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2.2 And 5.2 Development29
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2.7 Income Distribution31
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Facts12
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5.1 Money And Interest Rates14
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2.1 Economic Growth36
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5.2 The Financial Sector8
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5.3 Financial Regulation13
