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Cyclical

Rises and falls with recessions and recoveries

structural

major shifts in economy

Frictonal

people who are between jobs

consumer confidence index

Meausres the degree of optomism that consumers show through saving and spending 

GDP

The dollar value of all new goods and services produced within the county in a year

Comsumer price index

a measure of the average change in prices for a "basket" of goods and services over time, reflecting how much more or less consumers are paying for everyday items

Producer price index

measures the average change over time in the selling prices received by domestic producers for their output, such as goods, services, and construction

GDP

the inflation-adjusted value of all final goods and services produced within a country in a specific time period

Cost push inflation

a rise in the general price level of goods and services caused by increased production costs, such as raw materials or labor, when demand is constant

demand pull inflation

a type of inflation that happens when the total demand for goods and services in an economy outpaces the supply, leading to higher pricesa type of inflation that happens when the total demand for goods and services in an economy outpaces the supply, leading to higher prices

Creeping

A low gradual and predictable increase in the general price level typically at an annual rate of 3% of less

Galloping

A rapid and significant increase in the inflation rate typically defined as and annual rate in the double of 100%

Hyper

A sever and rapid type of inflation in which prices for gooods and services increase uncontrolably