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United StatesEconomicsQuick questions
Unit 2: Economic Indicators and the Business Cycle
Quick questions on Price indices and inflation - AP Macroeconomics Topic 2.4
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define inflation and explain how it affects the purchasing power of money. [2 points]
What is q2?Show answer
A spike in global oil prices raises firms' costs across the economy. State which type of inflation this produces and what happens to output. [2 points]
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