Spec 7136
Revise AQA A Level Economics 2.3.3 Inflation and deflation with the question bank, lessons, revision guides, and flashcards.
The concepts of inflation, deflation and disinflation. • Demand-pull and cost-push influences on the price level. • Fisher’s equation of exchange MV = PQ and the Quantity Theory of Money in relation to the monetarist model. • The effects of expectations on changes in the price level.