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It is the oil price crash of 2014, and the Norwegian government is fearing a recession. What policies can be enacted to avoid a recession?

In this scenario, it would be suitable to use some Keynes. There are two parts to this. The first part is lowering taxes and increasing government spending. The second part is decreasing interest rate. By ha...
JR
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Assess the extent to which a depreciation of the Pound will positively effect economic performance within the Uk.

Intro: define depreciation and economic performance Analysis: depreciation leads to increase in exports (less expensive in comparison to foreign goods), and decrease in imports (more expensive in comparison ...
OB
Answered by Oscar B. • Economics tutor
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Why do markets fail?

In competitive markets, the free market mechanism is in most cases the most efficient. However sometimes, these markets fail indicating a requirement for government intervention. The most famous example is t...
CS
Answered by Callum S. • Economics tutor
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Explain 4 key sources of monopoly power.

Legal barriers. Some monopolys are granted their status as monopolys by government for a fixed period. For example, Camelot who operate the National lottery are granted the power to be the sole supplier unti...
CL
Answered by Cameron L. • Economics tutor
18049 Views

How is unemployment related to causes of inflation?

Inflation is a sustained rise in general price levels. There are several causes for prices to rise. When production costs, such as wages and raw material prices increase- cost-push inflation occurs. Inflatio...
MB
Answered by Mark B. • Economics tutor
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