Sunday, May 03, 2009

Unit 2: The UK economy in 2009

Tutor2u has this summary of the outlook for the UK economy in 2009.............it makes bleak reading

http://www.tutor2u.net/blog/index.php/economics/comments/fallout-from-the-recession/

a) Using the AD formula as you starting point, explain what is happening in the economy. Try and link the various pieces of data. Drawing an AD/AS diagram may help your thinking

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