Measuring the National Economy · Macroeconomics

Inflation and Price Stability

Examining the causes and consequences of rising price levels on consumers and firms.

Key Questions

  1. 1How does high inflation erode the purchasing power of households?
  2. 2What incentives are driving firms to raise prices during a supply shock?
  3. 3Why is a small amount of inflation considered healthy for an economy?

National Curriculum Attainment Targets

GCSE: Economics - Economic ObjectivesGCSE: Economics - Inflation
Year: Year 11
Subject: Economics
Unit: Measuring the National Economy
Period: Macroeconomics

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