Worst part about software is remembering which syllabus dot points relate to the question, the content is easy as hell to remember. BTW did anyone memorise all the Standard Algorithms, or do we just need to understand the logic behind them?
+ Increased utility of consumers due to increased income with a rise in wages from the the wage-price spiral. LOL, it would only be a placebo as disposable income would remain the same
Stagflation is the scenario in which both Inflation and Unemployment are high, which poses problems for economists as most solutions for both components (Inflation and Employment) rely on the relationship seen in the Philips curve. That is because solutions that lower inflation, usually...