Guys what's the difference between a expansionary and contactionary policy?
It depends what policy you are talking about:
Expansionary fiscal policy means more government spending and reduced taxation. Contractionary fiscal policy is more taxation and reduced government spending.
Expansionary monetary policy eg lowering interest rates to encourage AD. Contractionary monetary policy eg increasing interest rates to encourage saving rather than spending, reducing AD.
Guys what's the difference between a expansionary and contactionary policy?
Expansionary policy is used to shift AD to the right this will help GDP rise Examples include: lower taxes, higher government spending, lowering interest rates
Contractionary policy is used to shift AD to the left GDP will fall Examples include: Higher taxes, lower government spending and higher interest rates
Anyone else in year 13 retaking this in hope of boosting UMS? Do you reckon we could use J curve for Unit 2? It is good for evaluation of devaluation of currency!
Anyone else in year 13 retaking this in hope of boosting UMS? Do you reckon we could use J curve for Unit 2? It is good for evaluation of devaluation of currency!
I'm retaking I got 72 UMS (B) in this unit last year. Units 3 and 4 are synoptic units and allow you to use material from AS but I don't think the same applies for the AS modules. What did you get last year? How are you finding units 3 and 4?
I'm retaking I got 72 UMS (B) in this unit last year. Units 3 and 4 are synoptic units and allow you to use material from AS but I don't think the same applies for the AS modules. What did you get last year? How are you finding units 3 and 4?
I got 62 UMS (awful I know haha) I got an A in Unit 3 in Jan and previously in Unit 1 last summer I got 78 UMS, so if I can get an A tomorrow I can get an A by doing well in unit 4 too . Damn I guess you're probably right as AS students would not know about the J curve.
I got 62 UMS (awful I know haha) I got an A in Unit 3 in Jan and previously in Unit 1 last summer I got 78 UMS, so if I can get an A tomorrow I can get an A by doing well in unit 4 too . Damn I guess you're probably right as AS students would not know about the J curve.
could someone please help to answer this MCQ. Thanks
Which one of the following is most likely to shift the short run aggregate supply curve to the right? A A fall in money wages B A reduction in government spending C A fall in the exchange rate D A decrease in the productivity of labour