Laffer curve Study guides, Revision notes & Summaries

ECO 202 CH 16 (part 2)- Fiscal Policy. Questions And Answers 2023 Update. (A Grade) productive capacity, rate of economic growth - Answer-fiscal policy actions intended to have long-run effects by expanding the ____ of the economy and increasing the ____ incentives to work, save, invest, start a business - Answer-Attempt to increase aggregate supply by changing taxes to increase the ___, ___, ___, ___, and ___ tax wedge - Answer-the difference between pre-tax and post-tax return to an e...

An introduction to Economics - Economic Principles full course lecture notes 10 principles, supply, demand, elasticity, efficiency, market efficiency, market forces, government intervention, productivity, national income, unemployment, basic tools of finance, income inequality and poverty.

This fully written 25 marker essay follows a clear structure which incorporates both the key knowledge (AO1) of the policies to reduce income inequality and includes 2 detailed and effective evaluation points which are based on the PEEL structure and have several chains of analysis to them. This essay has key terminology, key real world application and is detailed enough to reach the top band level.

When a tax is imposed on the buyers of a good, the demand curve shifts - downward by the amount of the tax Efficiency is attained when - total surplus is maximized. The size of the deadweight loss generated from a tax is affected by the - elasticities of both supply and demand. The maximum price that a buyer will pay for a good is called the - willingness to pay. When a tax is placed on a product, the price paid by buyers _________, and the price received by sellers __________. - rises; f...

Ceteris paribus all other things are being held equal positive economics matters of economics that can be proven to be right or wrong by looking at the facts normative economics matters of economics that are based upon opinion and so are incapable of being proven to be right or wrong scarcity the limited availability of economic resources relative to societys unlimited demand for goods and services land the physical factor of production. It consists of natural re...

This document goes over taxation: -The different types of tax: direct/indirect, progressive, regressive etc. -Effects of changes in tax with relevant diagrams

This is a well defined summary for development economics and government policy that affect development. Contents include: - Introduction to economic development - Economic growth vs development - Common characteristics of developing countries - Measures of economic development -Factors influencing growth and development -Measures of income inequality -The poverty cycle -Policies to redistribute income and wealth -The Laffer curve -Strategies and policies that influence development a...

These notes provide you with all the required knowledge (and some more) on the Fiscal Policies topic, for the AQA A-level Economics Paper 2&3

Edexcel Economics summary 4.5 Role of the state in the macroeconomy A/A* summarised specification points can be used for multiple choice question,4,5,8,10,12,15 and 25 markers

This 10 page review covers chapters 5, 9 and 10 of Stephen D. Williamson, Macroeconomics, Sixth Edition textbook. With this overview I made a 90 on the exam! It breaks the notes down perfectly in a highly visual manner by definitions and models, so you will be able to connect basic properties of intermediate macroeconomics to real-world problems: and ace your next exam! The summaries provide an overview of important definitions/equations including: -A concise overview page perfect for an open-...