In 2021, consumer confidence in France surged following the lifting of public health restrictions, leading to a rapid expansion of household consumption expenditure. Over the same period, France's annual inflation rate accelerated to its highest level in over a decade.
Evaluate, with the use of an appropriate diagram(s), whether a rapid expansion in household consumption expenditure will always lead to a rise in a country's price level.
22 exam-style questions on OCR A Level Economics Aggregate demand. Each one has a worked solution and a mark scheme showing where the marks go.