What is inflation?
Inflation

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
2.
FLASHCARD QUESTION
Front
What is the impact of high inflation on the economy?
Back
High inflation can lead to uncertainty in the economy, reduced purchasing power, and can negatively affect savings and investments.
3.
FLASHCARD QUESTION
Front
Why is it important to consider inflation when planning for retirement?
Back
Inflation can erode the purchasing power of fixed income sources like pensions, making it crucial to account for it in retirement planning.
4.
FLASHCARD QUESTION
Front
What is the relationship between inflation and interest rates?
Back
Generally, central banks may raise interest rates to combat high inflation, as higher rates can help reduce spending and slow down price increases.
5.
FLASHCARD QUESTION
Front
What does it mean to have a negative real interest rate?
Back
A negative real interest rate occurs when the nominal interest rate is lower than the inflation rate, leading to a decrease in purchasing power.
6.
FLASHCARD QUESTION
Front
How can individuals protect their savings from inflation?
Back
Individuals can invest in assets that typically outpace inflation, such as stocks, real estate, or inflation-protected securities.
7.
FLASHCARD QUESTION
Front
What is hyperinflation?
Back
Hyperinflation is an extremely high and typically accelerating inflation rate, often exceeding 50% per month.
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