econ didnt know -

a positive statement

can be true or false

-based on empirical evedience

systemic risk likely to occur if

if most banks carry out investment and commercial activities

property rights reduce market failure

as producers will be more likely to pay for pollution caused

average fixed costs

total fixed costs / quantity

• and fall as output increases

in PC a firms demand curve for labour would be derived from its

marginal revenue product curve

how would keynesian economist stimulate recovery that has been in a recession

increase gov expenditure financed by increased gov borrowing

liquid and illiquid assets on balance sheet

MOST

balances at the BoE

T bills

gov bonds

advances

LEAST

pollution permit graph + why is it perf inelastic

set by government