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Review for your vocabulary test

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
GDP expressed in constant or unchanging prices   show
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show structural  
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show expansion  
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Decline in GDP combined with a rise in prices   show
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show deflation  
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show inflation rate  
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show seasonal  
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show nominal GDP  
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show cyclical  
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show cost push  
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general increase in prices   show
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theory that too much money in the economy causes inflation   show
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goods that last for a relatively long time   show
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goods used in the production of final goods   show
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show contraction  
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A price index determined by measuring the price of a market basket of a typical urban consumer   show
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measurement that shows how the average price of a group of goods changes over time   show
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show market basket  
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show non durable  
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show frictional  
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show hyperinflation  
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show demand pull  
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show poverty threshold  
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show gross domestic product  
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show aggregate supply  
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the amount of goods in the economy that will be purchased at all possible price levels   show
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show income distribution  
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Created by: lbeale
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