A Level Economics:

[sweetiepie]

https://www.xtremepapers.com/commun...ounting-business-post-your-doubts-here.10459/ ask here as the thread already exist !

 

[Qamar Baloch]

Hope the preparation is going well

 

[AlphaBeta]

Can anyone explain Kinked demand curve of oligopolistic market

 

[TheZodiac]

Can anyone explain Kinked demand curve of oligopolistic market

https://www.xtremepapers.com/commun...t-your-doubts-here.10459/page-301#post-710240

 

[sycho cj]

need help in economics dont know from which book to study

 

[:: A^]

http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_s08_qp_3.pdf

Q23 pls

 

[Qamar Baloch]

http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_s08_qp_3.pdf

Q23 pls

 

[:: A^]

Jazakallah Khairan!

 

[Qamar Baloch]

Jazakallah Khairan!

You are welcome dear

 

[AlphaBeta]

Guess paper for this may /june session

 

[Qamar Baloch]

Guess paper for this may /june session

will post it before exams dear. Its much early to do it now

 

[AlphaBeta]

Explain Augmented Phillips curve

 

[Qamar Baloch]

Explain Augmented Phillips curve

When we try to reduce unemployment below natural unemployment level then economic agents will be more quick leading to hyper inflation. this is the phenomenon of augmented philips curve.

 

[AlphaBeta]

From where can i get 1998 and 1997 past papers with markscheme ??

 

[AlphaBeta]

Is multiplier process in the short run or long run ?

 

[Qamar Baloch]

Is multiplier process in the short run or long run ?

Most of the time this process is long run because if there is new investment it will bring benefits in the long run. however, if economy is facing recession then a little new investment on the existing capital will be effective in the short run.

 

[TheZodiac]

Explain Augmented Phillips curve

The Phillip's curve states that when the government tries to reduce the level of unemployment below that than natural unemployment rate, then due to this, inflation rises in an economy. This happens because when unemployment reduces, there is an increase in national income as more individuals are now employed and earn. This rises the aggregate demand for the economy which causes demand pull inflation.
However, there is a draw back of Phillip's curve and that is that sometimes, an economy experiences stagflation - a stiuation where unemployment is high and so is the rate of inflation - and phillip's curve does not define that.

 

[TheZodiac]

Is multiplier process in the short run or long run ?

It is a long run concept because the effect of multiplier cannot be achieved overnight. Imagine that government spends $100 million (injection) into an economy. It does that to provide jobs to the individuals. However, the places of work, or the salaries earned would not be able to take place in short-run, it is therefore a long-run concept which triggers 'accelerator' effect.

 

[AlphaBeta]

View attachment 36072

The Phillip's curve states that when the government tries to reduce the level of unemployment below that than natural unemployment rate, then due to this, inflation rises in an economy. This happens because when unemployment reduces, there is an increase in national income as more individuals are now employed and earn. This rises the aggregate demand for the economy which causes demand pull inflation.
However, there is a draw back of Phillip's curve and that is that sometimes, an economy experiences stagflation - a stiuation where unemployment is high and so is the rate of inflation - and phillip's curve does not define that.

Why does the curve shift ??

 

[TheZodiac]

Why does the curve shift ??

http://tutor2u.net/economics/revision-notes/a2-macro-phillips-curve.html