Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

The Price Level

Chapter 25

TermDefinition
Composite price index A price index that does not give equal importance to each good. Each good is given a 'weight' which reflects the percentage (or fraction) of income spent on it.
Constant tax price index This measures changes in the price of goods, but excludes price changes which are caused by changes in indirect taxes.
Consumer Price Index This measures the change in the average level of prices (including all indirect taxes) paid or consumer goods and services by all private households in the country.
Cost-push infaltion This occurs when producers increase the selling prices of goods and services to compensate themselves for increases in the costs of production.
Deflation A steady and persistent fall in the general level of prices.
Demand-pull infaltion This occurs when the economy cannot produce enough goods and services to meet the demands of its citizens, causing prices to rise.
EU Harmonised Index of Consumer Prices (HCIP) This is calculated in each member state of the EU to allow comparison of consumer price trends in the various member states.
Government-induced inflation Inflation caused by any government action, for example, raising VAT.
Household Budget Survey A survey carried out every five years by the Central Statistics Office to find out the percentage of income which people (on average) spend on various goods and services.
Hyperinfaltion This is the term used to described very rapid growth in the rate of inflation which causes money to lose its value to the point where barter or foreign currency is used instead.
Imported Inflation Inflation caused by increases in the prices of imported raw materials and imported goods and services.
Inflation A steady and persistent increase in the general level of prices.
Simple price index A price index which does not take into account the fraction of income spent on each good - also called an unweighted index.
Created by: jmartineconomics
Popular Social Studies sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards