Which one of the following combinations of macroeconomic developments is most likely to cause an increase in the rate of inflation?
An appreciation of the exchange rate and a reduction in the central bank's policy interest rate
A depreciation of the exchange rate and an increase in the government's budget deficit
A cut in indirect tax rates and a rise in global oil prices
A rise in corporate tax rates and a sustained rise in labor productivity
77 exam-style questions on OCR A Level Economics Inflation. Each one has a worked solution and a mark scheme showing where the marks go.