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2.3 Economic performance

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Question 76

Extract C

...Following a prolonged period of stagnant aggregate demand and a rapid appreciation of the domestic currency, the consumer price index recorded a sustained decrease, with the annual rate of inflation shifting from 0.8% to -1.5%. Policymakers expressed deep concern over this persistent deflation, fearing a downward spiral of deferred spending and rising real debt burdens...

Define 'deflation' (Extract C).

[3]
Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

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.

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