Topic: Inflation and Deflation
Learning Objectives – At the end of the lesson, the students should be able to:
1 Explain an effect of inflation on each of the functions of money. (SSCE 2019 Q5c)
2 Explain any four causes of demand-pull inflation. (SSCE 2019 Q7a)
3 Outline any four undesirable effects of inflation. (SSCE 2019 Q7b)
4 Define inflation. (SSCE 2017 Q6a)
Learn so well from SS1 Economics 1st Term Online Classes.
5 Identify any three causes of: (i) demand-pull inflation; (ii) cost-push inflation. (SSCE 2017 Q6b)
6 Explain the meaning of deflation. (SSCE 2015 Q7a)
7 Outline any three positive effects of deflation. (SSCE 2015 Q7b)
8 Explain the ways by which inflation affects any threefunctions of money. (SSCE 2015 Q7c)
9 Highlight the difference between creeping inflation and hyper-inflation. (SSCE 2013 Q9a)
10 List any four negative effects of inflation. (SSCE 2013 Q9b)
11 Outline four ways in which the government of your country can control inflation. (SSCE 2013 Q9c)
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| SS 1 | SS 2 | SS 3 |
| 1st 2nd 3rd | 1st 2nd 3rd | 1st 2nd 3rd |