AS Macro Supply Side Competitiveness
Chapter 6: Elasticity. Elasticity A measure of the responsiveness of one variable (usually quantity demanded or supplied) to a change in another variable.
1 Supply, Demand and Government Policies Chapter 6.
Chapter Supply, Demand, and Government Policies 6.
Central Bank Policy What should the Fed do?. The Goals of Monetary Policy Price Stability High Employment Economic Growth Financial Market Stability Interest.
Objectives © Pearson Education, 2005 Markets in Action Chapter 6.
6 Supply, Demand, and Government Policies. In a free-market system, the prices of goods and the quantities traded are determined by market forces –See.
Copyright © 2010 Cengage Learning 6 Supply, Demand, and Government Policies.
Copyright © 2004 South-Western 6 Supply, Demand, and Government Policies.
G OVERNMENT P OLICIES Economics 101. W HY GOVERNMENT POLICIES ? In a free, unregulated market system, market forces establish equilibrium prices and exchange.
© 2007 Thomson South-Western. Supply, Demand, and Government Policies In a free, unregulated market system, market forces establish equilibrium prices.
Copyright © 2006 Thomson Learning 6 Supply, Demand, and Government Policies.