Topic: Inflation and deflation Retail / Consumer Price Index ’ppt’ IGCSE Economics.
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Lesson Objectives
At the end of the lesson, students should be able to:
Define inflation and deflation. - Measure inflation and deflation using the Retail Prices Index (RPI).
Causes of inflation: Explain demand-pull and cost-push. Causes of deflation: demand-side and supply-side.
Consequences of inflation and deflation - for consumers, workers, savers, lenders, firms and the economy as a whole.
Policy range: to control inflation and deflation and their effectiveness.
‘Class Activities’ & ‘Multiple Choice Questions’ with Answers.