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Inflation

What is the definition of inflation?

A

A sustained decrease in the general price level leading to a rise in purchasing power.

B

A sustained increase in the general price level leading to a fall in purchasing power.

C

A one-off increase in the price of one product leading to a fall in consumer demand.

D

A sustained increase in the level of production leading to a rise in national income.

Inflation Flashcards

  1. A Level
  2. /Economics
  3. /Inflation

Flashcards for OCR A Level Economics Inflation, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 21 cards, matched to the OCR A Level Economics (H460) specification. Recall questions account for roughly 25% of marks at A Level Economics, so these target the marks you can secure before the paper starts.