Top answers

Economics
A Level

Evaluate the view that reducing unemployment inevitably has trade-offs with other macroeconomic objectives.

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...

Answered by Ross B. Economics tutor
6789 Views

Why do higher interest rates cause the exchange rate of a currency to rise?

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...

Answered by Jamie P. Economics tutor
1614 Views

It is the oil price crash of 2014, and the Norwegian government is fearing a recession. What policies can be enacted to avoid a recession?

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...

Answered by Johannes R. Economics tutor
1952 Views

Assess the extent to which a depreciation of the Pound will positively effect economic performance within the Uk.

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...

Answered by Oscar B. Economics tutor
1767 Views

Why do markets fail?

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...

Answered by Callum S. Economics tutor
2577 Views

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