Unit 3.3(3) Macroeconomic objectives: inflation and deflation
The overall price level or average price level of an economy is constantly changing. Managing this change and achieving a low and stable inflation rate is a key objective of government macroeconomic policy. All countries experience changes in the average price level over time, and when these changes become unstable, they can be very damaging to the economy. The Phillips Curve (HL only) The link to the attached PDF is...