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Economics
A Level

What is inflation and how does it come from supply or demand side?

Inflation - a situation in which the general level of prices in the economy is rising.

            Cause: money supply that grows too quickly.

supply

Answered by Julia R. • Economics tutor
2150 Views

What is diminishing marginal utility?

Diminishing marginal utility- each additional (marginal) piece of pizza brings less utility than the previous one. Therefore extra utility (marginal utility) brought by each successive slice d...

Answered by Julia R. • Economics tutor
2339 Views

What are supply side policies? (Including evaluation)

Definition: These are government policies that aim to increase productivity and shift the aggregate supply curve to the right.

Pr...

Answered by Daniel S. • Economics tutor
3687 Views

What is inflation and how is it measured? (Including evaluation)

InflationDefinition: "Inflation is a sustained increase in the cost of living or the general price level leading to a fall in the purchasing power of money."Key Facts:...

Answered by Megan J. • Economics tutor
5887 Views

Discuss whether a reduction in taxation will always increase a country’s economic growth rate.

Answers should discuss role of different forms of taxation e.g., income tax, corporation tax, VAT.

Better answers will evaluate the potential limitations, and cases in which a reducation ...

Answered by Andrew L. • Economics tutor
3739 Views

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