top of page

Economics explained


Inflation and deflation

Good deflation

Good deflation

The secret to scoring awesome grades in economics is to have corresponding awesome notes.
A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.
What makes TooLazyToStudy notes different?
Our notes:
  • are clear and concise and relevant
  • is set in an engaging template to facilitate memorisation
  • cover all the important topics in the O level, AS level and A level syllabus
  • are editable, feel free to make additions or to rephrase sentences in your own words!

    Looking for live explanations of these notes? Enrol now for FREE tuition!

Good deflation occurs as a result of an increase in aggregate supply and will have a positive impact on the economy.

Good deflation occurs when workers and companies become more productive and learn to make things at a lower cost.

Advances in technology, for instance, may create new methods of production and lower costs of production.

This drives down the general price level of goods and services while increasing national income.

As well as output increasing, employment may rise and the international competitiveness of the country’s products may increase.

The aggregate supply curve shifts from AS to AS1 pushing down from P to P1. Real GDP increases from Y to Y1.

bottom of page