Term
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Definition
| Inflation of more than 500% a year is considered |
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Term
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Definition
| Inflation of 1-3% per year |
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Term
| Wage-Price Spiral Inflation |
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Definition
| Caused by workers demanding higher pay |
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Term
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Definition
| Caused by an increase in the cost of raw materials need to create a product |
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Term
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Definition
| Caused by excessive demand |
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Term
| Monetary Supply Inflation |
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Definition
| Results when money is too widely available |
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Term
| Wage=Price Spiral Inflation |
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Definition
| Ron asked his boss for a raise by stating that he could no longer afford many things. This may result in |
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Term
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Definition
| If gas prices continue to increase, is will cause |
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Term
| Monetary Supply Inflation |
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Definition
| If the Federal Reserve Lowers interest rates and buys back securities, this type of inflation may result |
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Term
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Definition
| When resources are limited, this type of inflation often occurs |
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Term
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Definition
| During the Great Depression, many farmers complained about |
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