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What is the difference between factors that affect supply and the elasticity of supply?

Factors affecting supply will shift the supply curve in or out. These factors are costs of raw materials, technological advancements, wages. Factors affecting the elasticity of the supply curve will affect t...
JH
2908 Views

Explain one disadvantage of increasing the budget deficit

One argument against increasing the budget deficit is that and increase in government spending crowds out the private sector. This is when government spending fails to increase overall aggregate demand becau...
TD
2322 Views

What is the definition of fiscal policy and what are the main differences between an expansionary fiscal policy and contractionary fiscal policy

Fiscal Policy is policy designed by the government in order to influence levels of government spending and taxation. In an expansionary fiscal policy the government will opt to increase government spending o...
AK
Answered by Adam K. • Economics tutor
2953 Views

Explain the macroeconomic effects of tariffs

effects on balance of trade, growth, inflation, employment...what do these effects depend upontariff graphmarshall-lerner conditionall that good stuff :)
AB
1947 Views

Should the United Kingdom Government rely on market forces to redistribute income and wealth, to make it fairer or intervene to do so?

Market forces can lead to a fairer distribution of income from the trickle down effect. This is where those on high incomes will spend their money, which creates demand for goods and services, as a result th...
JS
3078 Views