Match the following types of inflation with their accurate descriptions or illustrations. Some of the types of inflation will be described or illustrated more than once. Column A 1. "too much spending, chasing too few goods": "too much spending, chasing too few goods" 2. a slowdown or standstill of economic growth combined with inflation: a slowdown or standstill of economic growth combined with inflation 3. a general decline in price level of all goods and services in the market: a general decline in price level of all goods and services in the market 4. the cost of the factors of production are too high, so suppliers are forced to supply less: the cost of the factors of production are too high, so suppliers are forced to supply less 5. the general upward rising of prices in all markets with all goods and services: the general upward rising of prices in all markets with all goods and services 6. inflation at the range of 500% or above a year: inflation at the range of 500% or above a year 7. aggregate demand > aggregate supply: aggregate demand > aggregate supply 8. government will intervene by using contractionary monetary and fiscal policy