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3.4.1 Price stability and inflation

Card 1 of 22

What does 2.9% inflation mean?

A

The real value of the savings falls.

B

They weaken aggregate demand.

C

Prices are 2.9% higher than a year earlier, on average.

D

A firm cannot judge what a contract's value will be when it is eventually paid.

Card 1 of 22

3.4.1 Price stability and inflation Flashcards

  1. GCSE
  2. /Economics
  3. /3.4.1 Price stability and inflation

22 flashcards on OCR GCSE Economics 3.4.1 Price stability and inflation: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards