click below
click below
Normal Size Small Size show me how
HS Economics
Question | Answer |
---|---|
Price Level | Average of all good's orices in an economy. |
Inflation | Price level increase. |
Deflation | Price level decrease. |
CPI | Consumer price index. |
Inflation Rate Equation | [(CPI in Later Year - CPI in Earlier Year) / CPI in Earlier Year] * 100 |
Demand Side Inflation | When an increase in price level originates on the demand side. |
Supply Side Inflation | When an increase in price level originates on the supply side. |