Question

section 4: inflation
inflation is the general increase in prices for goods and services over time. it is usually measured as a percentage increase in the consumer price index (cpi) from one year to the next. moderate inflation is normal, but high inflation can hurt the economy.
fill in the blank

1. inflation means that the _____________ of goods and services is rising.
2. the most common measure of inflation is the _____________.
3. inflation is usually shown as a _____________ change.
4. high inflation can reduce the ______________ of money.
5. if prices go down instead of up, this is called _____________.

word bank
price, consumer price index, percentage, value, deflation

Explanation:

1. The text states "Inflation is the general increase in prices for goods and services over time", so "price" fits.
2. It mentions "measured as a percentage increase in the consumer price index (CPI)", so "consumer price index" is correct.
3. "measured as a percentage increase" indicates "percentage".
4. High inflation makes money buy less, so it reduces the "value" of money.
5. When prices go down, it's called "deflation".

Answer:

1. price
2. consumer price index
3. percentage
4. value
5. deflation