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One term, and every place the course uses it — the revision notes that teach it, the multiple choice questions that check it, and the detailed questions that examine it.
74 sub-topics use inflation · showing 1–20
OCR · Economics · 3 Economic objectives and the role of government
3.4Price stability
Inflation A sustained rise in the general price level — prices across the economy rising over time. Price stability Prices rising only slowly and predictably. The UK target is 2% inflation, not zero. Deflation A fall
in Inflation, and real versus nominal and 3 other sections
OCR · Economics · 3 Economic objectives and the role of government
3.6Monetary policy
demand rises faster than the economy can produce, the extra demand pushes prices up — demand-pull inflation. A rise in interest rates runs the same chain backwards, and that is precisely how inflation is controlled: borrowing
in How it affects growth, employment and price stability and 2 other sections
OCR · Economics · 2 The role of markets and money
2.8The role of money and financial markets
Used in 44 questions on this sub-topic.
OCR · Economics · 4 International trade and the global economy
4.3Exchange rates
data_table UK consumers Gain — imported goods and foreign holidays are cheaper, and lower import prices reduce inflation Lose — imports and holidays abroad cost more, adding to inflation UK exporters Lose — goods cost foreign buyers more
in The effects of a change and 1 other section
OCR · Economics · 3 Economic objectives and the role of government
3.1Economic growth
training, natural resources and government policies. Growth raises incomes, employment and tax revenue, but can bring inflation, inequality and environmental damage. GDP measures output, not wellbeing. A falling growth rate is not a falling GDP. Before
in Before you practise
OCR · Economics · 3 Economic objectives and the role of government
3.5Fiscal policy
Total demand falls Used when The economy is in recession, growth is weak, or unemployment is high Inflation is high, or the economy is growing unsustainably fast Effect on the budget Worsens it — a deficit grows
in How fiscal policy works and 1 other section
Edexcel · Business · 1.5 Understanding external influences on business
1.5.4The economy and business
spend Rising income means more spending, especially on non-essentials; falling income shifts demand towards cheaper products Inflation The rate at which prices rise Raises the cost of materials and wages; if the business raises
in The impact of the economic climate and 1 other section
OCR · Economics · 4 International trade and the global economy
4.2Balance of payments
typically runs a deficit in goods and a surplus in services. A strong exchange rate, high inflation and strong domestic growth all push towards deficit. A deficit must be financed by borrowing or by selling assets
in Before you practise and 1 other section
OCR · Economics · 3 Economic objectives and the role of government
3.2Low unemployment
Used in 15 questions on this sub-topic.
OCR · Economics · 3 Economic objectives and the role of government
3.7Supply side policies
price stability at the same time. They are the only route to growth that does not risk inflation. They act slowly — training and infrastructure take years. They carry an opportunity cost, since the money or lost
in Before you practise and 1 other section
Edexcel · Business · 1.5 Understanding external influences on business
1.5.5External influences
should respond. External influences cannot be controlled, only responded to. An answer saying a business should "stop inflation" or "change the law" misses the point — the question is always what it can do within conditions
in Possible responses to change
OCR · Economics · 4 International trade and the global economy
4.1Importance of international trade
Used in 8 questions on this sub-topic.
OCR · Economics · 2 The role of markets and money
2.5Competition
Used in 3 questions on this sub-topic.
AQA · Mathematics · 6 Statistics
3.6Statistics
outlier is a value far from the rest. It pulls the mean and inflates the range, which is exactly why the median and the interquartile range exist. data_table Mean Add all the values and divide
in Averages and spread
Edexcel · Mathematics · 6 Statistics
6.1Statistics
outlier is a value far from the rest. It pulls the mean and inflates the range, which is exactly why the median and the interquartile range exist. data_table Mean Add all the values and divide
in Averages and spread
OCR · Economics · 4 International trade and the global economy
4.4Globalisation
Used in 5 questions on this sub-topic.
AQA · English Literature · 3.1.1 Shakespeare
3.1.1.6Shakespeare: Julius Caesar
Used in 2 questions on this sub-topic.
AQA · Geography · 3.2 Challenges in the human environment
3.2.3The challenge of resource management
Used in 5 questions on this sub-topic.
AQA · Physics · 4.3 Particle model of matter
4.3.3Particle model and pressure
barrel, warming it. Explain why the barrel of a bicycle pump becomes warm when a tyre is inflated. The pump does not warm up mainly because of friction between the piston and the barrel. The examinable
in Increasing the pressure of a gas
Edexcel · Physics · 14 Particle model
14.3Gas pressure and temperature
barrel, warming it. Explain why the barrel of a bicycle pump becomes warm when a tyre is inflated. The pump does not warm up mainly because of friction between the piston and the barrel. The examinable
in Increasing the pressure of a gas