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AQA A-level Economics new 7136 - 06, 13 & 19 Jun 2017 [Exam Discussion] Watch

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    "Assess the importance for UK macroeconomic performance of increasing income inequality, both domestically and in other countries."

    Any ideas on how to answer such a question?
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    if there isn't a question on policies to reduce a current account deficit, I will cry literally cry,
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    (Original post by Danllo)
    Decisions on joining the Euro to come up ?
    Unlikely. But if the paper was written a year ago, as my teacher once said, then the EU could well come up.
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    (Original post by physicsamor)
    if there isn't a question on policies to reduce a current account deficit, I will cry literally cry,
    a question on this would be perfect!

    so much to write about

    expenditure switching policies
    expenditure reducing policies
    supply side policies

    I don't think it came up in the specimen papers so theres a chance of this happening.
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    (Original post by SWISH99)
    a question on this would be perfect!

    so much to write about

    expenditure switching policies
    expenditure reducing policies
    supply side policies

    I don't think it came up in the specimen papers so theres a chance of this happening.
    it would be the perfect 25 marker, I wonder what would be the 9/15 marker to accompany it
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    (Original post by physicsamor)
    it would be the perfect 25 marker, I wonder what would be the 9/15 marker to accompany it
    maybe how an increase in exports/imports would affect objectives such as growth/inflation/employment (multiplier etc)
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    (Original post by SWISH99)
    maybe how an increase in exports/imports would affect objectives such as growth/inflation/employment (multiplier etc)
    Ah yeah! that would also be great
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    (Original post by physicsamor)
    Ah yeah! that would also be great
    btw when talking about a deficit on the current account do you only mention exports and imports or do you also talk about primary and secondary income.
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    Do you guys think they will ask a question on the UK joining the Euro because I haven't revised that.
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    (Original post by SWISH99)
    btw when talking about a deficit on the current account do you only mention exports and imports or do you also talk about primary and secondary income.
    Ive always only mentioned exports and imports
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    does a shift in LRAS case deflationary pressure?
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    (Original post by SWISH99)
    does a shift in LRAS case deflationary pressure?
    A right shift of LRAS allows the economy to produce more without "inflationary" pressures.
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    anyone else not revising financial markets?
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    yup hahahaha
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    Can they ask a essay question on financial markets?
    If so what sort of question


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    inb4 essay options are

    1) Evaluate the importance of the financial markets to the economy

    2) Evaluate the different methods of regulating financial markets

    3) discuss the liquidity - profitability trade of commercial banks
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    (Original post by SWISH99)
    inb4 essay options are

    1) Evaluate the importance of the financial markets to the economy

    2) Evaluate the different methods of regulating financial markets

    3) discuss the liquidity - profitability trade of commercial banks
    I can't do any of these
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    Can someone explain automatic stabilisers please?
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    (Original post by BintM)
    Can someone explain automatic stabilisers please?
    During a negative output gap the government's spending on unemployment benefits go up and the tax revenue collected from incomes and profits fall. This causes AD to shift right increasing GDP
    The opposite is true during a positive output gap
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    (Original post by TonyStark98)
    During a negative output gap the government's spending on unemployment benefits go up and the tax revenue collected from incomes and profits fall. This causes AD to shift right increasing GDP
    The opposite is true during a positive output gap
    how do you think it could be used in an essay?
 
 
 
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