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What does the Phillips curve show?

The Phillips curve shows the trade-off that must be made between inflation and unemployment . There is an inverse relationship between the two variables, with lower unemployment rates corresponding to higher...
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Answered by Zara N. • Economics tutor
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Explain why deflation may not always be a problem

Firstly, deflation can be defined as a persistent decrease in the general level of prices. An example would be Japan in the 1990's.There can be "good"deflation which occurs when Long Run Aggregate ...
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Answered by Samuel C. • Economics tutor
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Find the equation of the tangent to: y = X^2 + 3x + 2 at the point (2,12)

(1) Find the gradient using differentiation (2) If the gradient at (x 1 ,y 1 ) is m,y - y 1 = m(x - x 1 ) (1) We differentiate the given equation:dy/dx = 2x + 3 Then, find the gradient at (2,12). Sub x= 2 in...
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Answered by Samuel C. • Maths tutor
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Describe the structure and bonding that contributes to a functional protein.

Translation of an mRNA transcript by ribosomes produces the two-dimensional primary structure – a linear sequence of amino acids held together by strong peptide (covalent) bonds . This linear sequence typica...
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Answered by Edwin J. • Biology tutor
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What is the impact of deflation?

Micro:firms lower revenue, lower profits, leave the market, shut-down point, supply falls. EVAL: supply falls offsets lower prices.lower wages as less spending means less derived demand for labour and so fir...
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Answered by Aparna A. • Economics tutor
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