According to standard economic definitions, an economy is experiencing disinflation when
the average price level falls for two consecutive quarters.
the rate of inflation is positive but falling.
real national output falls below its trend rate of growth.
the country suffers from a persistent balance of payments deficit.
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.