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Fiscal policy is the use of governmental spending and taxation to influence aggregate demand (AD= C + I + G +(X-M)) in an economy. It can be used to boost economic growth, control inflation and stabilise ...

Opportunity cost is something that we think about everyday but we don't always use that word. It is defined as the benefits lost from the next best alternative choice.This sounds wordy, but in an example ...

Keeping all other factors fixed, increased competition will make the demand curve that firms face flatter due to increased elasticity of the demand. By drawing a diagram depicting a firm's costs and reven...

To answer this question we must first understand what is meant by inflation. Inflation refers to the sustained increase in the price level in the economy. To illustrate the role of government spending in ...

So for a 25 mark essay, being clear in your arguments is one of the most important things. You should start off with an introduction, this should include key definitions on the topic and an overview of th...