Inflation Review

A general rise in overall prices is called:

• Deflation
• Inflation
• Consumer Price Index
• Federal Reserve

A general reduction in overall prices.

• Inflation
• Deflation
• Consumer Prices
• Federal Reserve

This group of people benefit from inflation:

• Lenders
• Savers
• Borrowers
• Businesses

This group of people suffer when inflation occurs:

• Savers
• People who can increase their incomes
• Borrowers
• Government

A situation of rising prices resulting from increases in the cost of production.

• Deflation
• Cost-push Inflation
• Demand-pull inflation
• Consumer Price Index

The quantity of goods and services a person can buy with a given amount of money.

• Bank
• Inflation
• Buying Power
• Money Supply

Monetary inflation occurring at a very high rate.

• Hyperinflation
• Cost-push inflation
• Demand-pull inflation
• Consumer 

An index that measures the prices of a market basket of goods that typical consumers purchase.

• Consumer Price Index
• Federal Reserve
• Bank
• Deflation

When demand for a product increases, this will also cause an increase in price.  This is called:

• Demand-pull inflation
• Cost-push Inflation
• Deflation
• Consumer Price Index

What occurred between June and July of 2016?

• Inflation
• Hyperinflation
• Deflation
• Cost-push Inflation