2.1.2 Inflation 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 17-01-19 09:48 92583164710 Across 1. ... inflation: Increases in prices which are predicted with accuracy (11) 4. Causes of Inflation: ... inflation is when costs for firms increase so they have to increase their prices (4, 4) 5. Impacts of inflation on ... : ... become more competitive, shoe leather costs (shopping around to find best prices) and menu costs (changing menus and price lists) (5) 7. Causes of inflation: ... inflation is when consumers spend more and have increased demand so firms increase their prices (6, 4) 8. ... is a fall in the general level of prices (9) 10. ... is a rise in the general level of prices (9) Down 2. ... is falling inflation, a falling rise in general level of prices (12) 3. Impacts of inflation on ... : People on fixed income will lose out as prices rise, Real incomes fall, Wages keep up with inflation or surpass it, Inflation redistributes wealth and income (11) 6. ... measures changes and average prices in the basket of goods (3) 9. ... is the same as CPI but includes mortgages and tax changes so reads a higher figure than CPI (6, 5, 5)
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