increase in the price level caused by an increase in costs of production
2 of 12
CPI
a measure of changes in the price of a representative basket of consumer goods and services.Differs from rpi in methodology and coverage
3 of 12
Cyclical unemployment
unemploymnet arising from lack of AD
4 of 12
Deflation
a sustained fall in price level
5 of 12
Deflationary
the persistent decrease in the level of consumer price
6 of 12
Demand pull inflation
increase in the price level caused by increase in aggregate demand
7 of 12
Developed economy
an economy with a high level of income per head
8 of 12
Developing economy
an economy with a low level of income per head
9 of 12
Discretionary fiscal policy
The deliberate manipulation of government purchases, taxation, and transfer payments to promote macroeconomic goals, such as full employment, price stability and economic growth.
10 of 12
disposable income
income after taxes on income have been deducted and state benefits have been added
11 of 12
Dissave
spending more than disposable income
12 of 12
Other cards in this set
Card 2
Front
increase in the price level caused by an increase in costs of production
Back
Cost push inflation
Card 3
Front
a measure of changes in the price of a representative basket of consumer goods and services.Differs from rpi in methodology and coverage
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