chapter 26 0.0 / 5 ? EconomicsinflationGCSEAll boards Created by: Yachi XieCreated on: 07-10-19 11:55 inflation period of aggregate demand is falling 1 of 13 deflation rate of prise is rise, continuing rise in prise 2 of 13 consumer prise index CPI measure of price level (excluding housing costs) 3 of 13 retail prise index RPI measure of price level including house price and council tax 4 of 13 demand pull inflation inflation caused by too much demand relative to supply 5 of 13 cost push inflation inflation caused by rising business costs 6 of 13 interest rates 利率 price paid for borrowed money 7 of 13 monetarists 货币主义 people who believed there are strong link between growth of the money supply and inflation 8 of 13 purchasing power of money amount of goods can be bought by fixed sum of money 9 of 13 menu costs costs to firms of having to make repeated prices changes 10 of 13 shoe leather costs costs to firms and consumers of searching for new suppliers when inflation is high 11 of 13 hyperinflation 恶性inflation very high levels of inflation 12 of 13 transactions payment or process of making one 13 of 13
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