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Inflation and deflation
Explain what inflation and deflation are.
5
Objectives
50
Flashcards
35
Questions
90 min
Study time
CambridgeIGCSEEconomicsGovernment and the macroeconomy
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5 objective pages available
Inflation and deflation outcomes5 objectives
- Explain what inflation and deflation are.
- Discuss how inflation and deflation are measured, particularly using the Consumer Prices Index (CPI).
- Identify the factors that lead to inflation and deflation, including demand-pull and cost-push for inflation, and demand-side and supply-side for deflation.
- Analyze the effects of inflation and deflation on various groups such as consumers, workers, savers, lenders, businesses, and the overall economy.
- Evaluate the different strategies available to manage inflation and deflation and assess their potential effectiveness.
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