Inflation Flashcards
1
Q
Define inflation.
A
Inflation is the sustained increase in the general price level of an economy over time.
2
Q
Define price stability.
A
Price stability means that the general price level in an economy increases at a low, stable and expected rate. There is an absence of high inflation and deflation.
3
Q
Define price stability.
A
Price stability means that the general price level in an economy increases at a low, stable and expected rate. There is an absence of high inflation and deflation.
