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If there is an increase in saving, then assuming that income stays exactly the same, this will mean that there is a fall in spending as we are saving a higher proportion of our income - or in other words ...
The central bank is headed by a committee of nominated members who meet every month to negotiate whether or not changes to monetary policy should be made. The way in which the central bank can improve the...
Third degree price discrimination involves segmenting the market into groups, each with a different willingness to pay. For example, students (who have a lower willingness to pay), and non-students (who e...
(NOTE: This is an "evaluate" question so make sure to have a counterpoint i.e. HOWEVER...)
Labour productivity = output per worker over a period of time (e.g. 2 cars a day). Labour produc...
Such action would bring both advantages and disadvantages, though on the whole it may be considered wiser to favour such action, depending on the individual context. Firstly, subsidies would allow supply ...
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