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Bank of England’s Andrew Bailey dishes out tough love to British public
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Distinguish between quantitative easing (QE) and quantitative tightening (QT)
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Inflation is expected to top 7% and companies expect pay settlements to rise to 4.8% in 2022. Explain the effect on households’ real incomes
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Andrew Bailey’s call for workers to ask for moderate pay rises has not been well received. Explain what is meant by a wage-price spiral
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Evaluate whether a fall in energy prices would lead to further tightening of monetary policy
Gavin Clarke, Emmanuel College
Economics class: Bank of England’s Andrew Bailey dishes out tough love to British public
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