Macroeconomics Chapter 11

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Author:
Drizzle
ID:
285164
Filename:
Macroeconomics Chapter 11
Updated:
2014-10-07 18:49:05
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Economics
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Chapter 11
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  1. Consumer price index
    A measure of the overall cost of the goods and services bought by a typical consumer.
  2. Inflation rate
    The percentage change in the price index from the preceding period
  3. Producer price index
    A measure of the cost of a basket of goods and services bought by firms.
  4. Indexation
    The automatic correction by law or contract of a dollar amount for the effects of inflation.
  5. Nominal interest rate
    The interest rate as usually reported without a correction for the effects of inflation.
  6. Real interest rate
    The interest rate corrected for the effects of inflation.

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