Question: Column A Column B 1. too much spending, chasing too few goods a. stagflation 2. a slowdown or standstill of economic growth b. demand-pull inflation

Column A Column B 1. "too much spending, chasing too few goods" a. stagflation 2. a slowdown or standstill of economic growth b. demand-pull inflation combined with inflation 3. a general decline in price level of all goods and c. cost-push inflation services in the market 4. the cost of the factors of production are too high, d. hyperinflation so suppliers are forced to supply less 5. the general upward rising of prices in all markets e. inflation with all goods and services 6. inflation at the range of 500% or above a year f. deflation 7. aggregate demand > aggregate supply 8. government will intervene by using contractionary monetary and fiscal policy 9. government will intervene by using expansionary monetary and fiscal policy 10. a very, very high rate of inflation

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