Economics - Inflation

5. C+I+G+NX equals to this
6. putting your money into ______ isn't as good during inflation
7. a general increase in prices and fall in the purchasing value of money.
8. fixed income earners get impacted _____ during inflation
9. a period of extremely high inflation
10. the business cycle has this many phases
14. the RBNZ controls these to lessen inflation issues
18. man-made goods used to produce other goods and services
19. this is a policy that central banks use to change interest rates for controlling velocity of money

1. The amount of goods and services which can be purchased by a person's income
2. a demand for increased wages causes a left shift in ______
3. when you buy goods or services now as you expect it's price to increase later
4. when an individual is specially trained in one specific area to increase productivity
8. Increased Govt. spending has a ______ impact on Aggregate Supply
11. in the business cycle when Consumption is falling & investment is falling
12. this is a policy when the govt controls taxes to try to control velocity of money
13. It states that in the equation MxV = PxY, both V and Y remain relatively constant
14. purchases of capital equipment
15. this increases during a recovery phase as well as consumption
16. an index of the variation in prices for retail goods and other items.
17. during inflation, workers in firms may be _____ ___