Contractionary Fiscal Policy | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Contractionary fiscal policy can be used to reduce inflation. Inflation
A-Level Economics | Year 12 Macroeconomics Summary * what is the difference between macro and micro? * the diagrams
Perfect Competition | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Perfect competition is a market structure where there are many
Monopolistic Competition | A-Level Economics Model Paragraph (AQA, Edexcel) A market structure has monopolistic competition if there are low
Monopoly Power | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) A pure monopoly is a sole seller in a market,
Expansionary Fiscal Policy | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Expansionary fiscal policy can be used to reduce cyclical unemployment.
The impact of high unemployment | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Unemployment occurs when people are willing and able to work
Impact of Inflation | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Inflation is when there is a rise in average price
Impact of Deflation | A-Level Economics Model Paragraph (AQA, Edexcel, OCR) Deflation is a fall in average price level. This has