With the aid of aggregate demand and aggregate supply (AD/AS) diagrams, analyze the demand-side and supply-side causes of deflation, and discuss why their respective impacts on real output and employment differ.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.