Evaluate the view that a sustained period of deflation is inevitably more detrimental to an economy's macroeconomic performance than a sustained period of high inflation.
Your answer should consider both demand-side and supply-side influences, and you are encouraged to illustrate your response with appropriate economic diagrams.
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.