Explain how a firm may benefit from both internal and external economies of scale | AQA A-Level Economics Model Answer | 15 marks Explain how a firm may benefit from both internal and
Multiplier and Accelerator | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) The Multiplier Effect * This is when an initial increase in
Supply-Side Policies | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Supply-side policies are policies that aim to increase the productive
Contractionary Monetary Policy | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Contractionary monetary policy is the use of increased interest rates
AS-Level Maths | Differentiation * To differentiate * multiply the coefficient by the power * subtract one
Tariffs | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) A tariff is a tax on imports. It is a
Marshall-Lerner Condition | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) * The Marshall Lerner condition states that * if the currency depreciates
J-Curve | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) * Normally, when your currency depreciates * exports increase and imports fall