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Issues Term 2 W11
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SW2: During recessions, there is great instability in job markets, banking systems and supply chains. So all of this is important!
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SW1: Without a balanced economy, countries can be thrown into a recession.
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W: Our economies affect every aspect of our lives.
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SW2: Thankfully, Central banks have the power to print money when necessary to shift economies.
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SW1: While the goal is keep an economy thriving, sometimes things out of our control can cause economic hardship
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W: The central bank makes all of the major economic decisions in a country
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SW2: When a market is not well balanced, inflation increases too quickly and people suffer.
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SW1: When a market is well balanced, inflation goes up at a controlled rate.
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W: Strong economies have a market equilibrium that balances supply and demand naturally
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SW2: Perhaps a better economic plan utilises both planned and free market characteristics
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SW1: Free economies are a balance between supply and demand; whereas a planned economy is dictated usually by a governing body.
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W: There are two main different ideas about economies - free or planned
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