Inflation, deflation and disinflation
Inflation, deflation and disinflation
Inflation is a sustained rise in the general price level, while deflation is a sustained fall in the general price level. A one-off increase in the price of one product is not necessarily inflation because inflation concerns prices across the economy over time.
Step-by-step lessons covering AQA A Level Economics 2.3.3 Inflation and deflation for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.