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4.6.4 Causes of economic growth
Dear John I agree with your points. I do not see any reference to "unemployment" on this site page, if that is what you're referring to. With best wishes
John
4.6.4 Causes of economic growth
Doesn't the PPC only shift inwards if there is a loss in/destruction of resources or war etc, hence the economy's productive capability falls. Unemployment is a loss in efficiency so its a move from a point on the PP curve (or just inside it) to a...
Paul
4.6 True or False Quiz
Dear John You are correct that the formula will not be assessed in the Cambridge exams (outgoing and new syllabus). Similarly, AD and AS are not explicitly mentioned in the syllabi. As you state, many teachers use these terms and the formula...
John
4.6 True or False Quiz
Very good true or false. Many thanks. The formula C+I+G+(X-M) is not mentioned in the syllabus so we assume Cambridge won't test it. We see how useful it is though to measure expenditure/demand in the economy. No doubt, some teachers also use AD/AS...