1) When would the GDP deflator be used instead of the RPI?
2) Why would the public sector being more labour intensive mean that inflation is higher in the public sector?
3) "However, critics argue that most of the extra cash pumped into the system has been wasted on bureaucracy". Does bureaucracy here mean "An administrative system in which the need or inclination to follow rigid or complex procedures impedes effective action"?
4) What are stop-go cycles?
5) Why would unit labour costs only fall if the "share of profits in GDP rises over time", if increases in productivity are matched by increases in wages?
Some Macro questions Watch
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Last edited by maths12345; 12-04-2013 at 13:34.
- 12-04-2013 13:31