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Geo (Fach) / Inflation & Deflation (Lektion)
2. Test 2019/20
Diese Lektion wurde von Alexandra05 erstellt.
Diese Lektion ist leider nicht zum lernen freigegeben.
- What is whose main goal? the economy's main goal is to maintain price stability
- What does "to maintain price stability" mean? to maintain price stability means to maintain the value of money over a long period of time
- How can maintaining the value of Money over a Long period of time only work? it can only work if the increase of money supply is as big as the increase of goods supply
- What does Inflation mean? inflation means that the money supply is bigger than the goods supply and therefore increases the price of a certain product (the buying power [Kaufkraft] decreases)
- What does Deflation mean? deflation means that there's less money supply than goods supply, the buying poer increases but there's less profit for the producer
- What is the ESZB? What is it responsible for? = Europäisches System der Zentralbanken it's responsible for maintaining the money supply
- What does buying power mean? the financal ability to buy products
- What does hyperinflation mean? it describes the rapid increase of prices
- What does Stagflation mean? slow economic growth and high unemployment
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