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Economic Indicators Flashcards | StudBud
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Economic Indicators
Economic Indicators
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StudBud Administration
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Review of inflation/deflation/CPI/GDP
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
Higher wages result in lower supply and prices to fall
False
True
2
A decrease in the average price level over time is called ______?
deflation
deflategate
delegate
differentiation
3
Supply is decreased if the price of raw materials increases
False
True
4
Inflation is caused by a(n) __________ in the money supply
increase
stop
decrease
overflow
5
If population increase demand decreases
False
True
6
What is the general increase in the price level over time called?
Influx
Inflation
Indirection
Inflated
7
If the government _______ taxes, prices will rise.
decreases
eliminates
defers
increases
8
Full employment cause an increase in inflation
True
False
