DEFINE DEFINE DEFINE : DEFINE THE USING THIS CPI: OF THE CPI NO ‘TYPICAL BASKET ’ SUBSTITUTION BIAS DISCOUNT OUTLET BIAS NEW/OLD PRODUCTS QUALITY BIAS EXPLAIN HOW THIS LIMITATION MAKES INTERNATIONAL COMPARISONS USELESS. EXPLAIN HOW THIS LIMITATION MAKES COMPARISONS OVERTIME USELESS. CAUSES OF INFLATION DEMAND PULL COST-PUSH COSTS OF INFLATION # 1 REDISTRIBUTIVE EFFECT WINNERS LOSERS # 2 UNCERTAINTY: # 3 SAVINGS RATE: # 4 INTERNATIONAL COMPETITIVENESS: # 5 ECONOMIC GROWTH: # 6 EQUITY: CAUSES OF DE FLATION FALL IN AD (‘BAD DEFLATION’) RISE IN AS (‘GOOD DEFLATION’) COSTS OF DEFLATION # 1 REDISTRIBUTIVE EFFECT WINNERS LOSERS # 2 IMPACT ON THE VALUE OF DEBT: # 3 IMPACT ON INVESTMENT SPENDING (I): # 4 IMPACT ON CONSUMPTION SPENDING (C): # 5 IMPACT ON BANKRUPTCIES: