Economics Internal Assessment

Initial Plan

Summary of the article Inflationary pressure over the last 6 months in China and government
(maximum of 3 sentences) attempts to curb it.

Concepts/definitions to include  Inflation

in commentary  Wage-prices spirals
 Inflation expectations
 Monetary policy
 Supply-side policies

Diagrams
 AD-AS showing causes of inflation
 AD-AS showing a rise in interest rates

Evaluation points
 To what extent is the inflation seen by China a problem?
 Which of the costs of inflation is most significant to China?
 What is the best policy measure to reduce the inflation seen
by China?

Bias in media source? This media source is fairly right-wing/monetarist in its view so it is
likely to support policies to reduce inflation, at the extent of
unemployment.