Related Exam Boards: GCE A-Level, IB (HL), Edexcel (A2), OCR, AQA, Eduqas, WJEC
Inflation is an increase in the general price level of an economy. In other words, the purchasing power of the country’s currency has decreased. Inflation can arise from internal and external events, and it can be categorised into multiple types: Growth in money supply, Demand-pull inflation and Cost-push inflation, depending on different causes.
Inflation Revision Notes
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