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Lots of study resources on the UK economy can be found here www.tutor2u.net/economics/topics/uk-economy
Great video Geoff, and perfect timing for my revision too!
Glad it was helpful! Thanks for your wonderful contributions to the livestreams. Any suggestions for topics I can cover Jacob?
@@tutor2u-official nothing in particular Geoff, tutor2u have a video on every topic for both Business and Economics, but the Shorts videos are great!
Great explanation. Thanks
Glad it was helpful!
could you say that if expected inflation is high due to cost-push inflation from high import raw material costs, contractionary monetary policy would work to shift the SRPC downwards? lower inflation would reduce expectations
Yes - perhaps working through the link between higher interest rates - stronger exchange rate - fall in import prices
what do SSPs do other than increasing productive capacity?
Improve export competitiveness, allow for higher real wages, drive innovation, help to meet environmental goals
do we need to know about the long run phillips curve?
Don't think so
@@tutor2u-official how about for AQA?
Lots of study resources on the UK economy can be found here www.tutor2u.net/economics/topics/uk-economy
Great video Geoff, and perfect timing for my revision too!
Glad it was helpful! Thanks for your wonderful contributions to the livestreams. Any suggestions for topics I can cover Jacob?
@@tutor2u-official nothing in particular Geoff, tutor2u have a video on every topic for both Business and Economics, but the Shorts videos are great!
Great explanation. Thanks
Glad it was helpful!
could you say that if expected inflation is high due to cost-push inflation from high import raw material costs, contractionary monetary policy would work to shift the SRPC downwards? lower inflation would reduce expectations
Yes - perhaps working through the link between higher interest rates - stronger exchange rate - fall in import prices
what do SSPs do other than increasing productive capacity?
Improve export competitiveness, allow for higher real wages, drive innovation, help to meet environmental goals
do we need to know about the long run phillips curve?
Don't think so
@@tutor2u-official how about for AQA?