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Is inflation here to stay?

  • To discover the root causes of the present bout of high inflation
  • To understand how interest rates may impact on the level of inflation
  • To discover how longer-term economic trends may impact the inflation rate
CPD
Approx.30min

David Thorpe is special projects editor

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CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What was the UK inflation rate in January 2021?

  2. What does Carrick say are the two supply shocks to have impacted the UK economy in recent years?

  3. What is r* trying to achieve?

  4. What does Bartholomew say could be an impact of structurally lower interest rates?

  5. At what level does the Bank of England deem the economy to be in full employment?

  6. How can higher inflation potentially lead to higher demand in the economy?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • To discover the root causes of the present bout of high inflation
  • To understand how interest rates may impact on the level of inflation
  • To discover how longer-term economic trends may impact the inflation rate

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