Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. (June 2020)
Exchange rates are the value of one currency in terms of another. A currency appreciation means that the price of
Explain how fiscal policy can be used to try to improve the supply side of an economy. (June 2018)
Fiscal policy is the use of government spending and taxation to influence aggregate demand in the economy. Aggregate demand is
GCSE Maths | Ratios
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Minimum Wage | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)
One policy the government could use to reduce differences in wages is to increase the mininum wage for low earners.
Externalities | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)
Negative Externalities in Consumption
The diagram shows a market failure (misallocation of resources) with fast food.
Fast food is a
Public Goods | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)
Complete market failure is when there is a missing market - and this happens if we rely on a free
Bounds | Edexcel GCSE Maths Test
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OCR GCSE Economics Notes
* The main economiic groups: consumers, producers and government
* The factors of production: (CELL) capital, enterprise, land, labour.
* Capital: machinery. Enterprise:
iGCSE Edexcel Economics Notes
* a market is a place where buyers and sellers meet to exchange goods and services
* market failure is when the