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A Level OCR Macro Economics - Fiscal Policy

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  • Course
  • A2 Unit F585 - The Global Economy
  • Institution
  • OCR
  • Book
  • OCR A Level Economics

A Level OCR Macro Economics Fiscal Policy notes written to the specification Includes: Government Spending, The Budget, Crowding Out Effect and The Fiscal Multiplier

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Document information

  • January 10, 2018
  • 3
  • 2017/2018
  • Class notes
  • Unknown
  • All classes

Subjects

  • fiscal policy
  • macro economics
  • government spending
  • the budget
  • crowding out effect
  • fiscal multiplier
  • a level ocr macro economics

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Written for

  • A/AS Level
  • OCR
  • Economics
  • A2 Unit F585 - The Global Economy
All documents for this subject (3)

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Content preview

Economic Cycle




Boom:

 Output is high and economy is growing
 Consumer spending is high
 Consumers are willing to borrow
 Strong growth in demand, demand pull inflation
 House prices rise
 Low unemployment
 Wages raise as a result
 Businesses working at full capacity, imports could increase
 Increased business investment

Downturn:

 Rate of growth falls
 Unemployment rises
 Wage growth slows
 Businesses find it hard to push price increases
 Inflation falls
 Fall in sales/demand
 Profit growth slows
 Imports decrease

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