inflation
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Rescooped by jerry gao from Unit 4 - Inflation and Deflation
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UK inflation since 1948

UK inflation since 1948 | inflation | Scoop.it

Uk inflation since 1948


Via Peter O'Sullivan
jerry gao's insight:
I scoop this article, because i might use it in the future for my homework
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Nixxinas's curator insight, February 10, 2014 6:58 AM
  InflationIn economics, inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Wikipedia  Related topicsCentral banks such as the US Federal Reserve can affect inflation to a significant extent through setting interest rates and through other operations. WikipediaExplore: Central bank, Interest rate If GDP falls below its potential level (and unemployment is above the NAIRU), inflation will decelerate as suppliers attempt to fill excess capacity, cutting prices and undermining built-in inflation. WikipediaExplore: Gross domestic product, Unemployment Although the monetarist economic policies of Margaret Thatcher's Conservative government saw inflation reduced after 1979, unemployment soared in the early 1980s, exceeding 3,000,000 -- a level not seen for some 50 years -- by 1982. WikipediaExplore: Unemployment 
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Factor Immobility

Factor Immobility | inflation | Scoop.it
Factor Immobility
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This website introduce many basic knowledge about factor immobility. 

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Rescooped by jerry gao from Insights into the National Economy
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UK inflation dips as rise in cost of fuel and clothing eases

UK inflation dips as rise in cost of fuel and clothing eases | inflation | Scoop.it

ICPI inflation fell to 2.7% in August as prices for petrol, diesel and clothes rose by less than they did in August a year ago


Via Westminster Business School
jerry gao's insight:

I haven't watch it. it's looks great. My teacher asked me to find a article about UK, so I find it

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Westminster Business School's curator insight, September 22, 2013 6:23 PM

Questions for discussion

1. What type of inflation is being described in the article?

2.  Describe how higher crude oil prices will lead to higher prices for petrol and could impact on the general level of inflation in the economy?

3. How easy will it be for companies to pass on higher costs? 

4. What factotrs determine whether a company can pass on higher costs to consumers?

5. Are higher costs to suppliers of crude oil products such as petrol likely to be able to pass on higher costs of crude oil?

6. Are clothes companies likely to be able to easily pass on higher costs to customers?