for Students REVISION CHECKLIST for AS Level Economics 9708 A guide for students How to use this guide The guide describes what you need to know about your AS Economics examination. It will help you to plan your revision programme and will explain what the examiners are looking for. The guide contains the following sections: Section 1 - How will you be tested? This section will give you information about the different examination papers you will take. Section 2 - What will be tested
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employers and workers agree that real wages should rise by 2% next year. If inflation is expected to be 2% next year‚ what will workers ask for in regard to wages next year? From the question we know that employers and workers want to raise real wages by 2%. But inflation will be 2% in next year. Actually‚ the employers and workers do not changer their real wages‚ so they shod ask for the real wages rise to 4%. b If inflation is expected to be 4% next year‚ rather than 2%‚ what will workers ask
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Identify the macro environmental factors and discuss the impact this macro environmental factors will have on the industry or organizations involved. Firstly‚ this report will summaries the article‚ identify and explain the issues written in article. Followed is the definition and explain of macro environmental factors involved. Then the report topic will moving to the industry concerned and have a discussion of the impact that this macro environment factors will have on the industry. Finally there
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services in the base year (This difference is not important when all prices are changing proportionately. But if the prices of different goods and services are changing by varying amounts‚ the way we weight the various prices matters for the overall inflation rate.) 3. Describe the three problems that make the consumer price index an
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SOLUTIONS 1 Multiple Choice Questions (20 percent) 2 percent for each question 1. Liquidity... is the ease with which an asset can be exchanged for money 2. The concept of adverse selection helps to explain... why the financial system is heavily regulated 3. The Fed can influence the fed fund interest rate by selling T-bills‚ which ____reserves‚ thereby ____the federal fund rate. removes‚ raising 4. Standard Repos... are very low risk loans 5. A 4-year bond pays an annual coupon of 3.5%. If the
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Quantitative easing is to boost the money into the market and keeping maximum inflation rate targeted 2 pc by BOE with relative growth in GDP and stop quantitative easing when inflation reaches the maximum limit and withdraws the money from the market by selling the assets and gilts. Key issues and problems- The main issue is UK Economy is not recovering even after boosting 200 billion pounds with the interest rate 0.5%‚ inflation also noticed about 3.1% and GDP under contraction of -5.2% in year July
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With over 8‚000 airports‚ Brazil has the 2sd highest number of airport in the world Accumulated inflation at the year end of 1989 was as high as 1‚782.9% É o jeitinho brasileiro ‘’It’s the Brazilian way’’ Brazil overtook United Kingdom as the 7th largest world economy With over 8‚000 airports‚ Brazil has the 2sd highest number of airport in the world Accumulated inflation at the year end of 1989 was as high as 1‚782.9% É o jeitinho brasileiro ‘’It’s the Brazilian way’’
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GCsE O Level economics Question Bank 1. What is meant by price elasticity of demand? [2marks] Price elasticity of demand is a responsiveness of quantity demanded due to change in price of a commodity. 2. What is meant by price elasticity of demand? [5marks] Price elasticity of demand is a responsiveness of quantity demanded due to change in price of a commodity. It can be calculated using a formula. % CHANGE IN QUANTITY DEMANDED PED = % CHANGE IN PRICE There are five types of elasticity
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7 problem 10 a. More people are employed in Tappania now than at any time in the past 50 years b. The unemployment rate in Tappania is higher now than it has been in 50 years. Can both of those statements be true at the same time? Briefly explain in four sentences or less. (5 points) The unemployment rate measures the percentage of the labor force that is unemployed. If the increase in the unemployed is higher that the increase in labor force‚ that is‚ the total of the employed and the
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unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost for a person starting up their own business (2 marks) b Explain the difference between implicit and explicit costs (2 marks) c Explain the difference
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