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O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2025 · Q241 Mark

The graph shows changes in the average price level. When did the country experience deflation? [Figure 24.1]

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Ayear 2 to year 5
Byear 2 to year 3
Cyear 2 to year 4
Dyear 4 to year 5

✓ Correct answer

D: year 4 to year 5

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Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2025 Paper 1 Variant 2, question 24.

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