A rise in the general price level is simply the rate of inflation. So if the CPI rises from 100 to 107 then the rate of inflation is 7 percent. A rise in the rate of inflation would occur if in the following year the CPI rose to 120. This represents a rate of inflation of 12.1 percent. It should be noted that the rate of inflation could fall even though prices were still rising.
queen babito answered the question on July 9, 2018 at 07:17
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Evaluate the view that economic growth should no longer be the main objective of government policy
(Solved)
Evaluate the view that economic growth should no longer be the main objective of government policy
Date posted:
July 9, 2018
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Answers (1)
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Critically examine the response of the UK Government and the Bank of England to the recent credit crunch.
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Critically examine the response of the UK Government and the Bank of England to the recent credit crunch.
Date posted:
July 9, 2018
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Analyse the impact of the credit crunch upon aggregate demand in the UK
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Analyse the impact of the credit crunch upon aggregate demand in the UK
Date posted:
July 9, 2018
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Economic theory assumes that consumers will buy more of a product when price falls and less when price rises. Evaluate the view that this assumption...
(Solved)
Economic theory assumes that consumers will buy more of a product when price falls and less when price rises. Evaluate the view that this assumption is unrealistic
Date posted:
July 9, 2018
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Answers (1)
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Analyse how a change in demand or supply in one market may have effects on other markets
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Analyse how a change in demand or supply in one market may have effects on other markets
Date posted:
July 9, 2018
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Explain what is meant by the market clearing (equilibrium) price.
(Solved)
Explain what is meant by the market clearing (equilibrium) price.
Date posted:
July 9, 2018
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Explain what is meant by productive and allocative efficiency
(Solved)
Explain what is meant by productive and allocative efficiency
Date posted:
July 8, 2018
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Critically examine the impact of globalisation on Less Developed Countries (LDCs)
(Solved)
Critically examine the impact of globalisation on Less Developed Countries (LDCs)
Date posted:
July 8, 2018
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Answers (1)
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Critically examine the view that a deficit on the current account of the balance of payments is of no economic significance.
(Solved)
Critically examine the view that a deficit on the current account of the balance of payments is of no economic significance.
Date posted:
July 8, 2018
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Answers (1)
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Explain the difference between fixed and floating exchange rates.
(Solved)
Explain the difference between fixed and floating exchange rates.
Date posted:
July 8, 2018
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Explain how the short run price and output decisions of a profit maximising firm would differ from those of a revenue maximising firm
(Solved)
Explain how the short run price and output decisions of a profit maximising firm would differ from those of a revenue maximising firm
Date posted:
July 8, 2018
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Answers (1)
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Critically examine the view that mergers are against the public interest and should be outlawed
(Solved)
Critically examine the view that mergers are against the public interest and should be outlawed
Date posted:
July 8, 2018
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Answers (1)
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Explain the difference between organic growth and growth by acquisition or merger
(Solved)
Explain the difference between organic growth and growth by acquisition or merger
Date posted:
July 8, 2018
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Answers (1)
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Evaluate the policies that governments could use to deal with market dominance and the abuse of monopoly power
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Evaluate the policies that governments could use to deal with market dominance and the abuse of monopoly power
Date posted:
July 8, 2018
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Answers (1)
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Explain why some industries are natural monopolies.
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Explain why some industries are natural monopolies.
Date posted:
July 8, 2018
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Analyse how government policy could reduce income inequality.
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Analyse how government policy could reduce income inequality.
Date posted:
July 6, 2018
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Explain what is meant by the distribution of income.
(Solved)
Explain what is meant by the distribution of income.
Date posted:
July 6, 2018
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Using appropriate examples, explain some of the methods a government could use to increase the consumption of merit goods.
(Solved)
Using appropriate examples, explain some of the methods a government could use to increase the consumption of merit goods.
Date posted:
July 6, 2018
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Explain what is meant by a merit good
(Solved)
Explain what is meant by a merit good
Date posted:
July 6, 2018
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Answers (1)
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Critically examine the view that the government should not intervene in labour markets.
(Solved)
Critically examine the view that the government should not intervene in labour markets.
Date posted:
July 6, 2018
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Answers (1)