1
Inflation that is caused by an increase in aggregate demand.
2
A measure of price inflation affecting consumers. It is calculated from the movement in the average price of a 'basket' of goods and services purchased by the 'typical' household in an economy.
3
Inflation causes by rising production costs passed on by firms to consumers.
4
The process by which rising wages cause higher prices, and higher prices cause higher wages.
5
The ability to purchase goods and services.
6
A very rapid rise in the price level which causes the currency to become worthless.
7
A reduction in the rate of inflation.
8
To tie certain payments (such as income) to the rate of inflation in order to keep the consumers' real income value constant.
9
A general and sustained rise in the level of goods and services.
10
A decrease in the general level of prices.
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