Top answers

Economics
All levels

Discuss the extent to which recent changes in monetary policy have impacted upon the UK economy

The recent changes in monetary policy, which is the manipulation of monetary variables such as the Bank of England base rate and the amount of liquidity in commercial and retail banks to influence the lev...

Answered by Anandita K. Economics tutor
1630 Views

I do not understand how demand and supply work, can you please explain it to me?

Economics is the social science that studies the production, distribution and the consumption of goods and services. To explain this concept, we use the model of demand and supply, which is shown in a gra...

Answered by Anya M. Economics tutor
1868 Views

Explain the term 'equilibrium' and demonstrate how a new equilibrium position is established when there is a decrease in demand for a good or service.

The term equilibrium describes the point at which supply and demand for a good or service meet to create an equilibrium price (E1) and an equilibrium quantity (Q1). The term equilibrium shows how the mark...

Answered by Megan H. Economics tutor
5065 Views

Comment on whether an increase in saving will reduce inflation

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 ...

Answered by James K. Economics tutor
5597 Views

How can the Central Bank use Monetary Policy to achieve Economic Prosperity

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...

Answered by Elliot G. Economics tutor
2183 Views

We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences