My Context 1 25 marker:
-Intro: Define key terms, Introduce objectives etc
-Growth: More spending as prices are lower, Firms have cheaper cost of production so they expand, increases AD (Depends upon multiplier and MPC etc) Diagram aswell
-Inflation: Prices are falling cause low production cost, consumers may be pessimistic and save leading to deflation
-BOP: UK imports less raw materials (it said this in the extract), cheaper prices make the UK more competitive so exports increase, didn't talk about the exchange rate because question didn't ask about it? (Evaluated with elasticity of imports and Marshel-lerner condition which doesn't really work here so might be wrong)
-Conc: Just said why lower prices are good basically
What do you think i got?