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Degree: Philosophy, Politics and Economics (Bachelors) - LSE University
Hi, I'm Florence and I am a Bachelor's student at the London School of Economics about to start my second year studying Politics, Philosophy and Economics. I am very interested in my subjects and have a firm grasp on the knowledge and understanding necessary.
What about you?
I have had my fair share of tutoring in the past so I know what methods tend to work and what to avoid. It is still very important for me to understand exactly what you want to cover, and I will focus my sessions entirely on these areas of difficulty to reach a good fit to your needs. Please contact me to arrange a session, I look forward to hearing from you!
|Economics||A Level||£20 /hr|
|Government and Politics||A Level||£20 /hr|
|Government and Politics||GCSE||£18 /hr|
|Maths||11 Plus||£18 /hr|
|Before 12pm||12pm - 5pm||After 5pm|
Please get in touch for more detailed availability
Courtney (Student) September 14 2016
Inflation is desirable when it is low and stable.
The easiest way to explain why is by outlining the consequences should inflation be either too high or too low;
1. If inflation is too high it often becomes very volatile and therefore differs widely from expectation. Risk averse people will want to protect themselves from this uncertainty and therefore may avoid financial planning, such as drawing up contracts.
2. If inflation is too low there is a risk of deflation (where general price levels fall in an economy). If inflation is at 0 or negative then people may decide to put off purchases, knowing that prices will fall and goods and services will become cheaper in the future. This however, leads to a vicious cycle, as the cost of production does not necessarily fall in line with prices. Therefore, facing lack of demand from consumers, producers may have to lay off workers or pay them less in order to stay in business. This in turn means demand falls further as fewer workers can afford the goods and services the producers are selling, and the cycle starts again.see more