Economics Department

Inflation

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1)      Should low inflation be the Government’s primary economic objective?

(20 marks)

2)      How successful has the Bank of England’s inflation targeting been?

(20 marks)

3)      Discuss whether the Bank of England should aim to completely eliminate inflation.

(20 marks)

4)      “Incomes policies have fewer adverse side effects than interest rate control, and should therefore form the basis of any Government’s attempts to control inflation.” Discuss.

(20 marks)

5) “The costs of reducing inflation can often outweigh the benefits from doing so.” Discuss.

(20 marks)