INFLATIONARY

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Full list of words from this list:

words only definitions & notes
  1. money supply
    the total stock of money in the economy
    Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.[6]
  2. price level
    an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
    When the general price level rises, each unit of currency buys fewer goods and services.
  3. medium of exchange
    anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
    Consequently, inflation also reflects an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.[2][3]
  4. price index
    an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
    A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.[4]
  5. consumer price index
    an index of the cost of all goods and services to a typical consumer
    A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.[4]
  6. stabilizing
    causing to become constant, steady, or secure
    Low (as opposed to zero or negative) inflation may reduce the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduce the risk that a liquidity trap prevents monetary policy from stabilizing the economy.[10]
  7. fluctuation
    an instance of change
    Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply.
  8. monetary
    relating to or involving money
    Negative effects of inflation include a decrease in the real value of money and other monetary items over time, uncertainty over future inflation may discourage investment and savings, and high inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future.
  9. labor market
    the market in which workers compete for jobs and employers compete for workers
    Low (as opposed to zero or negative) inflation may reduce the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduce the risk that a liquidity trap prevents monetary policy from stabilizing the economy.[10]
  10. hoarding
    a large, flat, outdoor sign for advertisements or notices
    Negative effects of inflation include a decrease in the real value of money and other monetary items over time, uncertainty over future inflation may discourage investment and savings, and high inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future.
  11. stabilize
    support and make steadfast
    Low (as opposed to zero or negative) inflation may reduce the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduce the risk that a liquidity trap prevents monetary policy from stabilizing the economy.[10]
  12. liquidity
    the state in which a substance exhibits a readiness to flow
    Low (as opposed to zero or negative) inflation may reduce the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduce the risk that a liquidity trap prevents monetary policy from stabilizing the economy.[10]
  13. mitigate
    lessen or to try to lessen the seriousness or extent of
    Positive effects include ensuring central banks can adjust nominal interest rates (intended to mitigate recessions),[5] and encouraging investment in non-monetary capital projects.
  14. erosion
    the process of wearing or grinding something down
    Consequently, inflation also reflects an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.[2][3]
  15. economist
    an expert in the circulation of goods and services
    Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.[6]
  16. mainstream
    the prevailing current of thought
    Today, most mainstream economists favor a low, steady rate of inflation.[9]
  17. economic growth
    steady growth in the productive capacity of the economy
    However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.[7][8]
  18. consensus
    agreement in the judgment reached by a group as a whole
    However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.[7][8]
  19. recession
    the act of returning control
    Positive effects include ensuring central banks can adjust nominal interest rates (intended to mitigate recessions),[5] and encouraging investment in non-monetary capital projects.
  20. scarcity
    a small and inadequate amount
    Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply.
  21. nominal
    relating to or constituting or bearing or giving a name
    Positive effects include ensuring central banks can adjust nominal interest rates (intended to mitigate recessions),[5] and encouraging investment in non-monetary capital projects.
  22. consumer
    a person who uses goods or services
    A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.[4]
  23. simultaneously
    at the same instant
    Inflation's effects on an economy are various and can be simultaneously positive and negative.
  24. sustain
    lengthen or extend in duration or space
    However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.[7][8]
  25. non
    negation of a word or group of words
    Positive effects include ensuring central banks can adjust nominal interest rates (intended to mitigate recessions),[5] and encouraging investment in non-monetary capital projects.
  26. oppose
    be against
    Low (as opposed to zero or negative) inflation may reduce the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduce the risk that a liquidity trap prevents monetary policy from stabilizing the economy.[10]
  27. consequently
    as a result
    Consequently, inflation also reflects an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.[2][3]
Created on Tue Sep 20 12:02:11 EDT 2011

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