Kinked demand curve 💡 Tesco’s meal deal will rise from £3 to £3.40. 🥪🧃 The rise follows similar price rises from Boots, Co-op and Sainsbury’s. Usually ‘price rigidity’ would prevent rises, but industry-wide cost pressure cause MC to rise. 🚠 #EconTwitter#econ3#edutwitter
Economics Blog Update:
Single Currency - Croatia to join the Euro in January 2023
https://t.co/qTnPhg0sLk
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Huge amounts of government debt have been completely normalised across Europe. These figures are insane and it will be future generations who pay for it.
Economics Blog Update:
Competition Policy - Mega Publishing Merger is Blocked
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KEY DIAGRAMS FOR MICROCONOMICS
These short videos cover the key micro diagrams needed for A-Level Economics
Ideal for recap & revision in Yr13
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#alevels2023
The threat of inflation leading to faster wage growth, and even more rapid inflation, appears to be limited—so far. See our new blog for what the latest IMF research says about the risks. https://t.co/Is6JweNUtO
Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose 8.8% in the year to Sept 2022, up from 8.6% in Aug.
This return to July’s recent high was mainly driven by rising food prices.
➡️ https://t.co/FAr33KMgCL
The Office for National Statistics has said the rate of Consumer Price Index inflation rose to 10.1% in September from 9.9% in August
For more on this and other news visit https://t.co/NEDMP2uP6W