What is inflation?
What is inflation?
Inflation is a sustained rise in the general price level. Deflation is a sustained fall in the general price level, while disinflation is a fall in the rate of inflation, so prices continue to rise but more slowly.
Step-by-step lessons covering Edexcel A A Level Economics 2.1.2 Inflation 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.