Jaisul Naik

* Multiplier effect is when an initial increase in AD leads to further increases in AD. * For example * government spending increases e.g. Eat Out to Help Out * scheme where government spent money to

Supply side policies are the range of policies that can be used to increase the productive capacity of the economy. There are both interventionist and market-based supply-side policies. One example of an interventionist

Contractionary monetary policy is the use of increased interest rates to cause a left shift in aggregate demand and therefore cause a fall in price level. The Bank of England would increase interest

A tariff is a tax on imports. It is a form of protectionism. Protectionism is a barrier against free trade. The diagram below shows the effect of a tariff on a market. The