by hiaja | Aug 30, 2023 | pdf
Week 8 – pdf 9 – Link Week 8 – pdf 9 – Link Week 9 – pdf 10 – Link Week 10 – pdf 15 –...
by hiaja | Aug 29, 2023 | Revision
Explain why when unemployment increases, inflation may decrease. Using the diagram provided, illustrate the relationship between unemployment and inflation in the short run. When unemployment increases, with fewer people earning the level of aggregate demand is likely...
by hiaja | Aug 29, 2023 | Revision
The central bank has an inflation target. Inflation rises above the target. What will happen next to interest rates and aggregate demand? Central banks try to control inflation using monetary policy. In Britain the emphasis today is almost exclusively on the interest...
by hiaja | Aug 29, 2023 | Revision
The central bank follows an inflation target and the economy benefits from an improvement in productivity. What will happen to interest rates? An improvement in productivity should, other things being equal, result in an increase in aggregate supply and downward...
by hiaja | Aug 29, 2023 | Revision
During the credit crisis and global recession many bankers lost their jobs. Is this demand deficit, or structural unemployment? It may well be both. Initially banking staff lost their jobs as a result of problems in their own industry. This can be classed as...
