Flashcards - Unemployment, Inflation & Deflation

Flashcards - Unemployment, Inflation & Deflation
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Deflation
In economics, deflation can be described as a decrease in the general price level of goods and services or currency appreciation with respect to the same goods and services
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Deflation
In economics, deflation can be described as a decrease in the general price level of goods and services or currency appreciation with respect to the same goods and services
inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
discouraged worker
In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who does not find employment after long-term unemployment

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