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.

Answered by Economics tutor

6711 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain fiscal policy and how it can be used


How are interest rates used by the Monetary Policy Committee to control inflation?


What is the Price Elasticity of Demand?


Explain the key characteristics of perfect competition


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning