inflation / deflation
The rise of prices in the economy.
What is inflation?
Law of demand
What is a inverse relationship between price and quantity demanded?
G D P stands for...
What is gross domestic product?
The amount a borrower pays to a lender for a loan.
What is jump up and down in muddy puddles?
The decline in prices in the economy.
What is deflation?
Law of Supply
What is a direct relationship between price and quantity supplied?
When customer spending is high economic growth is often strong.
What is customer spending?
Represents the cost of a loan and is expressed as a percent of the amount borrowed.
What is interest rate?
Peppa pigs favorite food
what is pancakes and spaghetti?
High inflation leads to...
What is high interest rates?
Increased demand equals...
what is increase of supply?
Sometimes referred to as "investment spending"
What is business spending?
Rates are set by...
What is the government?
Peppa pig is this tall...
What is a whopping 7 feet and 1 inch?
People effected most by inflation are...
What is people on a fixed income?
The entire process of getting from manufacture to consumption
What is supply chain?
Includes spending by national, state, and local government (ex: national defense, police and fire protection, roads, and many programs.)
What is government spending?
Economic strength, inflation, government policy, supply and demand, credit risk, and loan period are...
What is the things that effect interest rates?
True or false... Peppa pig has eaten bacon.
What is true?
CPI means...
what is a measure of the average change in the price paid by the consumers for typical consumer goods and services over time?
The relationship between the price of a given good or product and the willingness of people to either buy or sell it.
What is the law of supply and demand?
A countries exports and minus imports.
What is net exports?
The current interest rate is...
What is 7.93%?
What is 520 pounds?