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Deflation refers to a fall 1 in the general price level 1. Price deflation happens when the rate of inflation becomes negative. Cambridge is publishing the mark schemes for the mayjune 2016 series for most cambridge igcse, cambridge international a and as level components and some cambridge o level components. An increase in the cost of living 1 may force more family members to workseek work 1. Cambridge international as and a level economics book pdf. Inflation a persistent rise in the average price level, where the value of money is falling in a given period of time types of inflation deflation the opposite of inflation. Trust an experienced author team to navigate the syllabuses confidently. Not for resale, circulation or distribution in whole or in part. Edexcel international gcse economics student book pdf. Cambridge igcse resources cambridge university press.
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