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2024/2025 Written for academic year
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AQA
Module
Inflation
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Basic and simple basis understanding of what inflation and deflation is, suitable for both year 1 and year 2 economics students aqa, this will be incredibly helpful through out the course, especially to get basic understanding

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Inflation
Deflation
Inflation
Sustained increase of price overtime

Demand pull inflation
inflation to to an increase in AD
Hyperinflation when the inflation
rate rises above 50
LRAS


i
1,401



FE

, Cost push inflation

pricelevel price of Raw material
gras cost production
of
and
supply of firms in
iii an
economy
if seas
pricest
snifes in

QI Q Re app

Deflation
when there is a sustained decrease in
the genrall price level overtime

Deflationary Spiral
Deflation
price level
consumers Delay consumption in hope
price drops even further
consumption
consumption is a component of AD
AD

Document information

Study Level
A/AS Level
Subject
Economics
Uploaded on
June 6, 2025
Number of pages
7
Written in
2024/2025
Type
Summary
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