If your asked a question about the impact of a budget deficit -Always consider the impact on all O THE MACRL PEROFRMANCE OF AN ECONOMY. - i.e. TIGERS BUT WOULD you INCLUDE THE NAITONAL DERBT: - If the UK has a TERADE deficit due they have to fund it - with doing something to the IMF: Crowding out: - Only so much money available in an economy- if the gov spends more- less money left for private sector investment ( so should this be a limitation of gov intervention in a market or for gov spending . --) Is the impact of this : - lower AD- lower LRAS- negative multiplier and accelerator affect. ( so it could lead to a negative accelerator and multiplier). Then discus Both sides- so both crowding out and crowding in: UK the GOV reduces i.e. spending crowding OUT affect- more money for private sector investment: a
There’s always a tiny bit of crossover in both micro and macro. I wouldn’t rely on it too much but I have seen macro points on micro paper mark schemes before and visa versa
Daddy Dal is making my demand curve perfectly inelastic
bro leave some for the rest of us
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Make sure to listen to this guy, he got me an A.
The Keynesian crowding-in effect is a good evaluation to the crowding-out effect. Thanks daddy Dal!
this topic will definitely appear this year! cheers Dal
dal you are my hero and have genuinely saved my grades thank you
Dal is are more informed about economy subjects than some professors in some universities. Thanks and be blessed for sharing your wisdom with us
If your asked a question about the impact of a budget deficit -Always consider the impact on all O THE MACRL PEROFRMANCE OF AN ECONOMY. - i.e. TIGERS
BUT WOULD you INCLUDE THE NAITONAL DERBT: -
If the UK has a TERADE deficit due they have to fund it - with doing something to the IMF:
Crowding out: - Only so much money available in an economy- if the gov spends more- less money left for private sector investment ( so should this be a limitation of gov intervention in a market or for gov spending . --)
Is the impact of this : - lower AD- lower LRAS- negative multiplier and accelerator affect.
( so it could lead to a negative accelerator and multiplier).
Then discus Both sides- so both crowding out and crowding in:
UK the GOV reduces i.e. spending crowding OUT affect- more money for private sector investment: a
Purr
Is Tax Revenue and Tax Receipts the same thing?
yes
For your points on externalities and x inefficiency, isn’t that more towards micro ?
yeah but can still talk about it
those could be valuable in Paper 3
Thankyou dal
What policies can be used to reduce a structural budget deficit ?
I would think increasing influence of private sector spending( so de interventionist supply Sid epolicies to encourage private sector involvement)
There’s always a tiny bit of crossover in both micro and macro. I wouldn’t rely on it too much but I have seen macro points on micro paper mark schemes before and visa versa
What exam board is this I thought u done edexcel a y1 macro lessons
all examboards i think
Anything suggestions for IB economics?
Siu
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