JC Economics Tuition Notes
Inflation

In the analysis of the Macroeconomic chapter of Inflation, our economics tuition will explain the meaning of inflation and how it is measured, usually through the use of the Consumer Price Index (CPI). Then, you will identify the causes of inflation, which will explain the positive and negative repercussions of inflation on economies. From this study, you will recognise the importance of attaining price stability or low inflation rate as one of the main aims of government.