You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
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- I am looking to explain economic principles / ideas/ recent developments in economics.
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Explain TWO (2) objectives of economic development.
1) can an economy that factors in the need for government funded public services and to offer people a living wage, and other more distributive economic strategies such as taxing the rich more, etc
Can it work in purely economic terms?
2) Also is it possible to construct the above economic system so that does not rely upon expanded growth which as we all know, is damaging the environment? causing pollution etc
https://www.economicshelp.org/blog/11516/environment/economic-system-environment/
https://www.economicshelp.org/blog/11513/economics/economic-system-redistribution/
Hi, does expansionary monetary policy, where money supply is increased, also cause a depreciation in the currency? since there is a surplus of the currency in the foreign exchange market.
usually it would. Though you could get some circumstances where it doesn’t.
Hi Tejvan,
I have a noob question.
This is with regard to a maximum wage.
I realise that at the max. wage, for labour Qty supplied would exceed quantity demanded. Therefore, from the labour market diagram there is an obvious fall in Qty of labour, given that there would be an unwillingness to supply labour at the lower wage rate.
My question is how would I show this impact on an Aggregate demand and Aggregate supply (AD AS) diagram?
The natural analysis for me would be to show that since employers pay less for wages it would mean lower cost of production. Hence there would be an improvement in the short run aggregate supply. On the diagram this leads to an increase in actual growth.
My confusion lies in the fact that since there was a fall in labour at the max wage diagram, how would I explain an increase in output in the AD AS analysis. In short, given a fall in a factor of production (labour) how do we explain an increase in output in the AD AS analyis.
Any help with this would be great!
Thanks.
https://www.economicshelp.org/blog/11503/labour-markets/effect-of-minimum-wage-on-adas/
Hi,
Please could you explain why the short run and long run cost curves are u shaped and what their relationship is.
Given me three reasons why a low developing countries to spend their expenditure on high level of technology