Top answers

What two policies can the government employ to influence economic growth and inflation?

The two policies the government can employ to influence economic growth and inflation are MONETARY and FISCAL policy. Monetary policy: Change the interest rate and affecting the supply of money (e.g. through...
FA
70700 Views

What Components make up the Aggregate Demand Curve

Consumer consumption, Government Spending, Investment, Exports and Imports
GS
Answered by Georgia S. • Economics tutor
3055 Views

What are Consumer Surplus and Producer Surplus?

Consumer Surplus is the difference between the price that consumers are willing to pay, and the price that they actually pay. Similarly, Producer Surplus is the difference between the price for which produce...
JT
Answered by James T. • Economics tutor
5183 Views

Assess macroeconomic policies which might be used to respond to rising commodity prices during a period of slow economic growth

Commodities are a raw material or primary good, and they are often fungible. There are three main types of macroeconomic policy. Fiscal policies use taxation and government spending to affect AD, monetary po...
DM
Answered by Dan M. • Economics tutor
6382 Views

What is a budget deficit?

A budget deficit arises when government spending in terms of transfer payments,capital expenditure and and current expenditure exceeds government revenue mainly from taxes. This is, when government spending ...
SS
Answered by Sonam S. • Economics tutor
3292 Views