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Comment on whether an increase in saving will reduce inflation

If there is an increase in saving, then assuming that income stays exactly the same, this will mean that there is a fall in spending as we are saving a higher proportion of our income - or in other words our...
JK
Answered by James K. • Economics tutor
6896 Views

How can the Central Bank use Monetary Policy to achieve Economic Prosperity

The central bank is headed by a committee of nominated members who meet every month to negotiate whether or not changes to monetary policy should be made. The way in which the central bank can improve the ec...
EG
Answered by Elliot G. • Economics tutor
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Explain, using a diagram, how a firm might use third degree price discrimination to increase their profits.

Third degree price discrimination involves segmenting the market into groups, each with a different willingness to pay. For example, students (who have a lower willingness to pay), and non-students (who earn...
MC
Answered by Matt C. • Economics tutor
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Assess the importance of education and training to improve labour productivity in the UK.

(NOTE: This is an "evaluate" question so make sure to have a counterpoint i.e. HOWEVER...) Labour productivity = output per worker over a period of time (e.g. 2 cars a day). Labour productivity has...
TK
Answered by Tamara K. • Economics tutor
9416 Views

Evaluate the case for the introduction of subsidies for agricultural produce. (15 marks)

Such action would bring both advantages and disadvantages, though on the whole it may be considered wiser to favour such action, depending on the individual context. Firstly, subsidies would allow supply to ...
MM
Answered by Mo-Jai M. • Economics tutor
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