Price Level Changes
Price Level Changes
Inflation is a sustained rise in the general price level over time. As prices rise, each pound buys fewer goods and services, so the purchasing power of money falls.
Step-by-step lessons on AQA A Level Economics 2.3.3 Inflation and deflation. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.