Quick Revision Quiz
Explain the following cost of inflation: Fiscal Drag
List the assumptions of a monopoly.
Economies of Scale: why is this a barrier to entry?
How is Potential Economic Growth represented in a PPF?
What is the relationship between the budget/fiscal deficit and the national (public sector) debt?
What is this curve?
QE: Explain the relationship between bond prices and bond yields.
Network Effects: why is this a barrier to entry?
Define Monetary Policy
What does a negative power represent?