Macro 4 - Inflation

Question 1

Cost push inflation

Answer 1

Inflation caused by a decrease in AS

Question 2

Demand pull inflation

Answer 2

Inflation caused by an increase in AD

Question 3

Inflation

Answer 3

The general rise in prices of goods and services

Question 4

Deflation

Answer 4

The persistent fall in prices of goods and services

Question 5

Disinflation

Answer 5

A reduction in the rate of inflation

Question 6

Retail Price Index

Answer 6

The old measure of inflation which has lost its national statistic status