Which is preferable inflation of deflation? (25 marker)

The key to getting into the top band of the mark scheme for 25 markers is to show sustained evaluation throughout the response.A very useful formula for answering these sorts of questions is to start with some standard chains of analysis, include a diagram with the chain before arguing using the sign post "it depends on" for the rest of the essay.Making sure to include real world figures of inflation rates and examples or inflation deflation around the world.If this 25 marker is one of the first questions in the exam then you will have to quote from the text that is provided.

Related Economics A Level answers

All answers ▸

What factors affect supply of a good or service?


Describe the impact of a close competitor lowering the price for their good has on the price and output of a firm, use a demand-supply diagram to help explain your answer.


Are there any minuses to economic growth?


What is the effect of an increase in supply on the economy?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences