This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
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Inflation, Wage Price Spiral, Monetary Policy
Click to read the article below and then answer the questions:
Can the UK avoid a wage-price spiral?
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Define the term inflation
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Explain the term wage price spiral
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Evaluate the impact of rising interest rates on the economy to control inflation
John Greenwood, Bromley High School for Girls