Money Supply
- This measures the amount of money in the economy
- M0 = the level of notes and coins in circulation + banks operational balances at the Bank of England (this is known as narrow money)
- M4 = notes and coins in circulation plus private sector deposits in banks and building societies
- Money must have 2 functions
- Medium of exchange
- Store of value
Essays and Revision Notes on Inflation
Hyperinflation - Causes and Costs
Inflation Essays
- Discuss the Difficulties of Controlling Inflation
- Does Devaluation Cause Inflation
- Should the Aim of the Government be to Attain Low Inflation?
- Explain What Can Cause a Sustained Increase in the Rate of Inflation
- Essay on Inflation - Is Inflation Harmful?


