Unit 3.3(3) Macroeconomic objectives: inflation and deflation

IB Economics: Unit 3.3(3) Macroeconomic objectives: inflation and deflation

The overall price level or average price level of an economy is constantly changing. Managing the change in the average price of level and achieving a low and stable inflation rate is a key objective of government macroeconomic policy. All countries experience changes in the average level of prices overtime and when these changes become unstable it can be very damaging to the economy.The link to the attached pdf is revision...


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