d) Causes of inflation
0.0(0)
Studied by 0 people0.0(0)
View linked note
Call with Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/5
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No study sessions yet.
6 Terms
1
New cards
state the types of inflation
demand-pull inflation
cost-push inflation
2
New cards
show demand-pull inflation on a supply and demand curve
3
New cards
show cost-push inflation on a supply and demand curve
4
New cards
state the two causes of inflation
changes to the money supply
changes in wages
5
New cards
describe how changes to the money supply cause inflation
decreased interest rate → demand-pull inflation
increase in the amount of money in circulation → demand-pull inflation
6
New cards
describe how changes in wages cause inflation
increased cost of production → cost-push inflation
Flashcards (48)