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This is a typical essay question, so start off by defining key terms for later use in the answer, such as what a trade-off is, and what the other macroeconomic objectives are. Then, go on the apply and an...
Interest rate's determine the monetary benefit of saving an individuals disposable income - i.e. the rate of return on their savings deposits. When interest rates are higher, individuals stand to gain mor...
In this scenario, it would be suitable to use some Keynes. There are two parts to this. The first part is lowering taxes and increasing government spending. The second part is decreasing interest rate. By...
Intro: define depreciation and economic performance
Analysis: depreciation leads to increase in exports (less expensive in comparison to foreign goods), and decrease in imports (more expensive in c...
In competitive markets, the free market mechanism is in most cases the most efficient. However sometimes, these markets fail indicating a requirement for government intervention. The most famous example i...
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