4.6 Price stability
4.6.1 definition of inflation, deflation and disinflation
4.6.2 measurement of changes in the price level:• consumer price index (CPI)• possible difficulties in measurement
4.6.3 distinction between money values (nominal) and real data
4.6.4 causes of inflation: cost-push and demand-pull inflation
4.6.5 consequences of inflation
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FULL SYLLABUS - UNIT 1 TO 6 (AS-LEVEL ECONS)
1. Basic economic ideas and resource allocation (AS Level) 2. The price system and the microeconomy (AS Level) 3. Government microeconomy intervention (AS Level) 4. The Macroeconomy (AS Level) 5. Government macroeconomic intervention (AS Level) 6. International economic issues (AS Level)
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4.1 National income statistics 4.2 Introduction to the circular flow of income 4.3 Aggregate Demand and Aggregate Supply analysis 4.4 Economic growth 4.5 Unemployment 4.6 Price stability
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