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How monetary Policy can be used to stimulate the economy ?

In the economy it is often necessary to stimulate the economy when it is going through a slump or a fall in growth, likewise it may be required to keep growth under control as a country thrives under stable ...
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Answered by Ankur G. • Economics tutor
2076 Views

What is an economic recovery and how is it related to unemployment?

Economic Recovery Key macroeconomic variables, such as output, consumption and business investment, are shown to comove cyclically over time. This can be demonstrated by a diagram. An economic recovery is de...
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Answered by Ruth N. • Economics tutor
3580 Views

How can the government use Demand side policies to boost economic growth

Demand side policies are used in times of recession or economic stagnation, to boost economic activity. The idea behind this is to increase Agregate demand (AD) by increasing its components (Consumption, Inv...
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9141 Views

Comment on the long and short term cross-price elasticity of demand for petrol and diesel.

The short-term XPED for petrol and diesel is likely to be very low, as most consumers are unable to quickly switch between the two fuels for their vehicles. However, if there is a significant difference in p...
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Answered by James S. • Economics tutor
4031 Views

What relationship does Phillips curve show us?

Bill Phillips was an economist from New Zealand who spotted that when employment levels are high, wages rise faster, therefore people start spending more money, therefore, boosting aggregate demand. This eva...
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Answered by Simeon P. • Economics tutor
2919 Views