economics inflation

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Created by: ishah
Created on: 10-05-13 13:39

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inflation
- sustained increase in the price level for G&S
- PPI new factory products
- CPI
  - excl: house costs, mortgages
- RPI
- new CPIH - housing..
- OOH owners occupiers housing costs
- its bad
  - volatile energy + demand
  - changes value currency
  - gov indirect taxes can change
  - potential long-run impacts
- demand-pull inflation
  - D>S inflationary gap
- cost-push inflation
  - increase in costs S curve <-
    - labour costs rise
    - inflation in other countries - imports costs
    - exchange rate fall - imports costs
    - tax rise
- PED

Comments

Report Sat 21st December, 2013 @ 13:14

This mind map is good for looking at what still needs to be learnt. It can be extended to produce a more comprehensive mind map for students who prefer a mind map for revising.