Describe the four stages of Economic Cycle

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Reference no: EM133231447

Subject A

1. To what extent can the government improve economic situation by changing the interest rate?

2. How would an increase in income tax influence the aggregate demand and the aggregate supply in the economy? Use examples to illustrate your answer.

3. Discuss the three main supply-side policies that the government can use to reduce unemployment?

4. Briefly explain discuss the different types of unemployment and the different methods used to measure it them.

5. Identify and describe the four stages of the 'Economic Cycle'.

6. Draw and explain what happens in a circular flow of income?

SUBJECT B

1. Explain how an economy can achieve sustainable economic growth and analyse the different methods of measuring economic growth?

2. Monopoly and perfect competition are two market structures at the opposite end of the spectrum. Compare and contrast the two structures to influence our view of which structure is most desirable. Critically analyse this statement.

Reference no: EM133231447

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