Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

What can lead to deflation?

  • Aadvances in technology and increases in labour productivity
  • Bgovernment using a policy of very low interest rates
  • Cincreases in the costs of production that reduce firms’ profits
  • Dincreases in the rate of inflation as measured by the CPI

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