Analyse inflation using economic concepts and models

What this standard covers

• Inflation, disinflation and deflation, and the business cycle
• Demand-pull and cost-push causes shown on the AS/AD model
• The quantity theory of money, MV = PQ
• Real versus nominal indicators, and how the CPI is built
• Impacts of inflation on different groups in New Zealand society

Past exam papers

The three most recent years. Every link opens on the NZQA website.