A sustained period of high and unanticipated inflation is most likely to
reduce the real value of fixed-income pensions.
encourage consumers to delay purchases of durable goods.
lower nominal interest rates across the commercial banking sector.
increase the international competitiveness of domestic exports.
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.