Chapter 3 Purchasing Power
Flashcard
•
Business
•
10th - 12th Grade
•
Easy
Laura Dario
Used 1+ times
FREE Resource
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44 questions
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1.
FLASHCARD QUESTION
Front
Prices that rise rapidly and are out of control.
Back
hyperinflation
2.
FLASHCARD QUESTION
Front
High prices followed by declines and then high prices again.
Back
reflation
3.
FLASHCARD QUESTION
Front
Prices rising due to scarce resources or greater difficulty in obtaining resources.
Back
real cost inflation
4.
FLASHCARD QUESTION
Front
A decrease in the general price level of goods and services.
Back
deflation
5.
FLASHCARD QUESTION
Front
Rising prices as a result of consumers wanting to buy more goods and services than producers offer.
Back
demand-pull inflation
6.
FLASHCARD QUESTION
Front
Prices rising with a rate of increase that is slowing down.
Back
disinflation
7.
FLASHCARD QUESTION
Front
An increase in the general price level of goods and services.
Back
inflation
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