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A government can manipulate floating rate by controlling the interest rate. To increase the exchange rate, ie the value of the currency, the government can increase its interest rate, which attracts forei...
The five main macroeconomic objectives are balanced trade, a low and stable inflation rate, sustainable economic growth, low unemployment and a fair distribution of income. Some of these macroeconomic obj...
The exchange rate is defined as the value of one currency against another. Aggregate demand (AD) comprises of consumption, government spending, investment and exports minus imports.
A fall in the ...
The legal definition of a monopoly is, any firm within an industry which possesses more than 25% market share. This can give an insight into how a 'monopoly' firm behaves, compared to firms in other forms...
A minimum wage is the lowest level of hourly pay that is acceptable by law. There are a number of positive impacts that could result from an increase in the UK national minimum wage. Firstly, an increase ...
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