4.2.3.3. Inflation and Deflation (AQA A Level Economics Teaching Powerpoint)

This teaching powerpoint covers inflation and deflation.

In a nutshell, inflation is the process where prices increase over time, meaning your money is worth less and buys you less. This can happen for a number of reasons, such as too much money in the economy, demand for goods outpacing supply, or too much government spending. Now, let's turn to deflation. This is essentially the opposite of inflation, where the price of goods and services decreases, meaning your money is worth more and buys you more.