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Essay

British Economic History, 1952-1963

Essay specific features

 

Issue:

Business

 

Written by:

Jill S

 

Date added:

January 29, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2379

 

Was viewed:

10053 times

 

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Essay content:

In this epoch of British history government policy principally tried to manage the level of inflation, the balance of payments, the level of investment, the rate of growth and the level of employment. The tools available to the government can broadly be divided into two categories manipulating the level of fiscal expenditure in the economy as well as influencing the level of monetary supply in the economy...
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The government would purposely run a surplus, where revenue from taxation would be higher than expenditure on public goods and services, in order to calm down the economy and reduce inflation. Oppositely the government could run deficits or run down the level of the surplus to fulfil an expansionary policy in order to boost the level of demand in the economy though this could be inflationary...
displayed 300 characters

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