Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
i used to think that economic growth more production was only possible able to occur because banks lent out more than they had fractional reserve
define the term - productivityproductivity is the concept which measures how outputs can be maximised from given inputs in factories labour
determine the exchange ratewhen a currency is freely floating the central bank doesnt have to set monetary policy to alter the external value of the
determine the term - hot moneya large hot money inflow shifts the demand curve for currency to the right leading to exchange rate rising and to an
what is independent monetary policyadvantages first in a freely-floating exchange rate the exchange rate must move down or up to correct a payments
what are the international economic crisisa current account surplus can only take place in one nation if there is a current account shortage in
determine the long-term direct investment flowslong-term direct investment flows are when investors buy physical assets like land or capital
illustrate the policy - beggar my neighbourbeggar my neighbour policies are government policies which attempt to gain a competitive benefit at the
what are the main aspects of globalisation two of the other main aspects of globalisation are greater international mobility of capital and to some
what is trade liberalisation trade liberalisation is the removal of barriers to trade this has mainly taken the form of restrictions created by
explain demand management of keynesian economists the demand management of keynesian economists of 50s and 60s is attacked by free-marketers for
state the macroeconomic policythe view that macroeconomic policy must only focus on supply-side performance of economy and should ignore management
what are the crisis affect the economiesthis crisis would affect the uk in 3 major waysfirst the uk would be unable to sell its exports to these
macroeconomic performance the uks future macroeconomic performance must be judged on how average living standards improve inflation is kept under
explain the economy automatic stabilisera budget deficit is shortfall between a governments tax revenue and its spending in a given year if a
name the largest budget deficit countryin 2009 greece was eurozone country with largest budget deficit about 160 of gdp while finland was the country
state the term fall in the exchange rate a fall in the exchange rate must make uk exports price competitive in international markets and increase
state about the international capital flow an international capital flow is defined as movement of money for the purpose of speculation or investment
explain the pre-emptive monetary policy since 1992 uk monetary policy has been pre-emptive in pre-emptive monetary policy authorities announce that
what is quantitative easing quantitative easing qe is an unorthodox monetary policy which since 2009 has been intermittently pursued by bank of
determine the main target of monetary policy since 1997 official main target of monetary policy has been to hit inflation rate target set by
process to control inflation ratethe belief that control of inflation must be the primary economic objective of government can be traced back to
determine the principle of equitythe principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay taxthe
who was the labour chancellor gordon brownin the period between 1997 and 2006 the labour chancellor gordon brown was committed to self-imposed
major fiscal objective of chancellor george osbornethe major fiscal objective of chancellor george osborne when coming to office in may 2010 was to