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Study with quizlet and memorize flashcards containing terms like inflation affects, inflation is, purchasing power and more. Study with quizlet and memorize flashcards containing terms like inflation, consumer price index (cpi), inflation rate and more. Study with quizlet and memorize flashcards containing terms like what is alex morgan's full name?, when is alex morgan's birthday?, how old is alex morgan? Study with quizlet and memorize flashcards containing terms like what is inflation?, how does one determine the price level?, what is cpi (consumer price index)? A very rapid rise in the price level; An extremely high rate of inflation. Study with quizlet and memorize flashcards containing terms like inflation, purchasing power, price index. Ch1 2 intro flashcards quizlet; Ch5 measuring a nation s income flashcards quizlet; Ch6 measuring the cost of living flashcards quizlet; Ch8 saving, investment, and.