Which set of changes in an economy over a year is evidence of cost-push inflation?
Production costs rise, total spending is unchanged and prices rise
Production costs are unchanged, total spending outpaces output and prices rise
Production costs fall, total spending outpaces output and prices rise
Production costs rise, total spending falls and prices fall
62 exam-style questions on OCR GCSE Economics 3.4 Price stability, covering 3.4.1 Price stability and inflation, 3.4.2 Measuring inflation with CPI, 3.4.3 Calculate the effect of inflation, 3.4.4 Analyse inflation figures, and 3.4.5 Causes and consequences of inflation. Each one has a worked solution and a mark scheme showing where the marks go.