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Basic and simple basis understanding of what inflation and deflation is, suitable for both year 1 and year 2 economics students aqa, this will be incredibly helpful through out the course, especially to get basic understanding

Institution
AQA
Course
Inflation

Content preview

Inflation
Deflation
Inflation
Sustained increase of price overtime

Demand pull inflation
inflation to to an increase in AD
Hyperinflation when the inflation
rate rises above 50
LRAS


i
1,401



FE

, Cost push inflation

pricelevel price of Raw material
gras cost production
of
and
supply of firms in
iii an
economy
if seas
pricest
snifes in

QI Q Re app

Deflation
when there is a sustained decrease in
the genrall price level overtime

Deflationary Spiral
Deflation
price level
consumers Delay consumption in hope
price drops even further
consumption
consumption is a component of AD
AD
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Study Level
A/AS Level
Examinator
AQA
Subject
Economics
Unit
Inflation
All documents for this subject (2)

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Uploaded on
June 6, 2025
Number of pages
7
Written in
2024/2025
Type
SUMMARY

Subjects

  • understandable
  • helpful
  • understandable accurate helpful
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