Fiscal Policy
May 14, 2019
Definition of fiscal policy. Fiscal policy involves the government changing the levels of taxation and government spending in order to influence
Definition of fiscal policy. Fiscal policy involves the government changing the levels of taxation and government spending in order to influence
Tejvan Pettinger Readers Question: What did Keynes mean by ‘In the Long Run we are all dead’ – From ‘In
Tejvan PettingerOctober 9, 2017inflation Definition: The money supply measures the total amount of money in the economy at a particular
Tejvan Pettinger Readers Question: What factors determine the wage that someone receives? Basic economic theory suggests that wages depend on
The main macroeconomic objectives of the government will include: low inflation, increasing the sustainable rate of economic growth full employment
The Harrod-Domar Growth Model: The aggregate production function—which is the main pillar of every growth theory—can take different forms, depending
The natural or (equilibrium) level of unemployment is determined by calculating the level of unemployment when the labour market is
Tejvan PettingerNovember 28, 2017 Definition of Consumer Surplus This is the difference between what the consumer pays and what he
Relative poverty reflects the fact that some sections of society have an income far lower (e.g. 50% less) than the
Tejvan Pettinger A list of different types of economic goods. Income elasticity of demand and types of goods Income elasticity
