CAIE-Alevel-经济学-AS分类练习+解析

What is disinflation?

What is a necessary consequence of inflation in an economy?

What could reduce the accuracy of the consumer prices index (CPI) as a measure of inflation?

Suppose a household’s income increased by 3%, and the rate of inflation was also 3%. Which statement is true?

Suppose a typical consumer divides their expenditure between bread, meat, milk, and vegetables in the ratio of 4:3:2:1. If during the year, bread's price falls by 10%, the price of meat rises by 20%, and the prices of milk and vegetables increase by 10%, what is the approximate increase in the average price level?

If an economy experiences increasing raw material costs and a decline in business confidence, how will it affect the economy's total outputs and the price level?