measuring economic objectives

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  • Created by: workitout
  • Created on: 20-11-17 16:46
A persistant rise in price level
Inflation
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A fall in price level
Deflation
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EU measure of inflation - should be at 2% +/-1
Consumer price index
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DoI - rising inflation leads to this...
Fall in real incomes
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DoI- high inflation can leas to ^ in pay claims as people protect their real incomes. ^ unit labour cost and lower profits for businesses
Negative real interest rates
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Price surveys + annual family expensiture survery are ways to...
Measure inflation
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Ways of expressing economic data time series anad comparing info.
Index numbers
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Other cards in this set

Card 2

Front

A fall in price level

Back

Deflation

Card 3

Front

EU measure of inflation - should be at 2% +/-1

Back

Preview of the front of card 3

Card 4

Front

DoI - rising inflation leads to this...

Back

Preview of the front of card 4

Card 5

Front

DoI- high inflation can leas to ^ in pay claims as people protect their real incomes. ^ unit labour cost and lower profits for businesses

Back

Preview of the front of card 5
View more cards

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