Top answers

Economics
A Level

What is inflation and how does it come from supply or demand side?

Inflation - a situation in which the general level of prices in the economy is rising.

            Cause: money supply that grows too quickly.

supply

JR
Answered by Julia R. • Economics tutor
2564 Views

What is diminishing marginal utility?

Diminishing marginal utility- each additional (marginal) piece of pizza brings less utility than the previous one. Therefore extra utility (marginal utility) brought by each successive slice d...

JR
Answered by Julia R. • Economics tutor
2794 Views

What are supply side policies? (Including evaluation)

Definition: These are government policies that aim to increase productivity and shift the aggregate supply curve to the right.

Pr...

DS
Answered by Daniel S. • Economics tutor
4179 Views

Discuss whether a reduction in taxation will always increase a country’s economic growth rate.

Answers should discuss role of different forms of taxation e.g., income tax, corporation tax, VAT.

Better answers will evaluate the potential limitations, and cases in which a reducation ...

AL
Answered by Andrew L. • Economics tutor
4253 Views

Comment on whether an increase in the rate of interest would reduce investment.

This question can be split up into 2 parts. What it is asking for firstly is an outline of what theory says should happen. As the question starts with the word comment, the second part will involve som...

HT
Answered by Henry T. • Economics tutor
3185 Views

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