Measurement of inflation and deflation using the
Consumer Prices Index (CPI).
-
Causes of inflation: demand-pull and cost-push.
-
Causes of deflation: demand-side and supply-side.
-
The consequences of inflation and deflation for
consumers, workers, savers, lenders, firms and the
economy as a whole. -
The range of policies available to control inflation and
deflation and how effective they might be.
Review of Unit 4
Questions and suggested answers
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IGCSE Macroeconomics (Units 4 - 6)
4.1 the role of government 4.2 macroeconomic aims of government 4.3 fiscal policy 4.4 monetary policy 4.5 supply-side policy 4.6 economic growth 4.7 employment and unemployment 4.8 inflation and deflation 5.1 living standards 5.2 poverty 5.3 population 5.4 differences in economic development 6.1 international specialisation 6.2 globalisation, free trade and protectionism 6.3 current account of the balance of payments 6.4 foreign exchange rate
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Unit 4 Government and the macroeconomy - (IGCSE Macroeconomics)
The macroeconomic aims of government Fiscal policy Monetary policy Supply-side policy Economic growth Employment and unemployment Inflation and deflation
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