inflation Flashcards
1
Q
What rates were used to control inflation
A
Interest
2
Q
What were they raised to
A
17%
3
Q
Who struggled to borrow money that was important for economic growth
A
Business
4
Q
What was increased making it harder for businesses to trade and export
A
The value of the pound
5
Q
The economy in 1980s went through a session resulting in many businesses going what
A
Bankrupt
6
Q
What happened to inflation from 1980 to 1984 and then in 1984 to 1990
A
Went down but went back up again during recession
