Discuss whether deflation or inflation is a more serious problem for the economy

Discuss whether inflation or deflation is a more serious problem for an economy (12) To begin with we need to define the terms inflation and deflation. The term inflation is defined as a general and sustained rise in prices. The term deflation is opposite to this and is defined as a reduction in the general level of prices sustained over several months, usually accompanied by declining employment and output. An advantage of inflation for an economy can be it helps smaller firms grow larger. This is beneficial to the economy as it helps unemployment to reduce and increases morale for those smaller firms. Inflation will help firms and individuals who have built up debts as the rate of interest does not fully compensate for the increase in the general price level. This ultimately leads to the real level of debts falling therefore debts become more manageable. A disadvantage of inflation for an economy is a possible loss of competitiveness. For example, if the UK has a higher inflation rate than the rest of the world, its price competitiveness in international markets will fall. A rise in a country's relative inflation rates may lead to a fall in its world share of exports and a consequent rise in import penetration. This ultimately leads to a fall in the rate of economic growth and the level of employment. Another disadvantage of inflation for any economy is the

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  • Level: AS and A Level
  • Subject: Economics
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Aerosols in Atmosphere - Environmental and Economical Impact.

Eni Ballauri 9A Chemistry Aerosols in Atmosphere Environmental and Economical Impact We have heard that greenhouse gases, mainly carbon dioxide, are leading to global warming. But, another factor has been identified that affects Earth's atmosphere; aerosols. Aerosols are small particles or droplets in the atmosphere. Aerosol particles may be created by wind blowing over dusty regions, and also by the conversion into tiny particles of some of the gases emitted by plants and volcanoes. Some aerosols remain in air only a few days, so they don't have much time to travel away. But nevertheless, they affect our surrounding environment at the local and global levels. It is also recognised as a health problem, especially in regard to respiratory illness. Atmospheric aerosols influence climate. They reflect the sunlight back to space, in a way that provides the gradual cooling of planet Earth. A professor in CU-Boulder's Laboratory for Atmospheric and Space Physics, Toon, who has studied similar modification of clouds over the ocean and their effects, said that aerosol cloud may even cancel out greenhouse warming. During winter, in polar regions, polar stratospheric clouds form. This provides sites for chemical reactions to take place. These reactions can lead reaction of reactive chlorine, which destroys the ozone. Contrary, because of loosing the ozone layer, Earth will lose

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  • Level: GCSE
  • Subject: Science
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Discuss the way Sheila and Gerald's relationship evolves through the play. What hope do you think there is for their future happiness together?

An Inspector Calls By J.B. Priestley Discuss the way Sheila and Gerald's relationship evolves through the play. What hope do you think there is for their future happiness together? At the start of the play, Sheila and Gerald have known each other for about a year, and they are celebrating their engagement. Sheila is in her early twenties, and Gerald is about thirty. Gerald comes from a rich, powerful, well-respected family, and his father is Sir George Croft: a rich business owner. It appears as if Sheila's family encourages their relationship because Mr Birling and Sir Croft are business rivals, and Mr Birling thinks it would benefit his business to be linked with the Crofts. He thinks he would make money from it, and money is very important to him. He says 'Crofts and Birlings...working together for lower costs and higher prices.' He also says 'You're just the kind of son-in-law I always wanted' to Gerald. At the beginning of the play, Sheila and Gerald's relationship is unbalanced because Gerald sees himself as the dominant one, and he is controlling. Sheila is naïve, quite immature for her age, and impressionable. Gerald chose and bought the engagement ring for Sheila, without her having any say about it, and she just accepts that, and doesn't question Gerald. She says 'Is this the one you wanted me to have?' which shows her willingness to be controlled. Also, when

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  • Level: GCSE
  • Subject: English
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Although the authors us fictitious characters and events, novels are often surprisingly accurate portraits of their time

Although the authors us fictitious characters and events, novels are often surprisingly accurate portraits of their time. To what extent do you think The Great Gatsby is a novel of this type? The Great Gatsby, written in the early 1920's, by F. Scott Fitzgerald portrays the type of high class life the rich were living during this time. Extravagance was the key to everything, parties, drinking, cars, relationships, and life. Everybody seemed to have money. This time was known as "The Roaring 20's", or "The Golden 20's." We see this type of culture in its extremity in The Great Gatsby. We can also assume that it was this type of life that Fitzgerald himself led. He was born into a fairly well-to-do family. In 1896 he attended, but never graduated from, Princeton University. It was here he mingled with the moneyed classes from the Eastern Seaboard who created an obsession for the rest of his life. In 1917 he was drafted into the army, but he never saw active service abroad. He married the beautiful Zelda Sayre and together they embarked on a rich life of endless parties. Dividing their time between America and fashionable resorts in Europe, the Fitzgerald's' became as famous for their lifestyle as for the novels he wrote. "Sometimes I don't know whether Zelda and I are real or whether we are characters in one of my novels", which he wrote to pay for his extravagant lifestyle.

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  • Level: GCSE
  • Subject: English
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Issue report: 'Smart' Drugs

Issue report: 'Smart' Drugs By Oluwaniyi Jason Osunkoya Main issue: Smart drugs in society Subsidary issue: Prescription in the UK Word count: 2001 Target audience: A Level biology students In this report I shall be looking at drugs that enhance the mind and whether they have a place in society. But first of all one must understand the nature of these new drugs. These drugs are a kind of super drugs. Their reliable and have very few side effects if any. They appear to always work, and not many people have reactions to them. The research and development into this area has been relatively new however it is obvious that if this aspect of biology is left untouched then it would probably turn into something much akin to the steroids industry, with which multiple companies sell these enhancers to anyone willing to buy them, with barely any regulation. There are many different issues that arise from these drugs that will need to be looked into. When the issues are looked at just on the surface it seems like there is no reason why these sorts of drugs should not be sold over the counter. However is this really the case? Economical Issues There are massive gains to be made from these types of drugs. Take for instance Modafinil it is a drug that reduces the amount of sleep you need over 4 days to 0 hours. Yes 0 hours. That sort of thing could mean that you could spend more

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  • Level: AS and A Level
  • Subject: Science
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'Critically discuss whether Britainhas been an 'awkward partner' (George) in relation to themovement towards European unity'.

'Critically discuss whether Britain has been an 'awkward partner' (George) in relation to the movement towards European unity'. Great confusion and differences in opinions exist today in Britain when considering the issue of Europe. The British Government seems to hold a wait and see policy on most issues raised within the European Parliament, whilst the citizens remain uncertain of the consequences and gains of deeper European Integration, with no definite leads from either of the main parties. When considering Britain's past involvement with Europe, it is continuing to show reluctance by remaining two steps behind everyone else. This reluctance in accepting all European policies and ideologies is why Britain is often dubbed the 'difficult' or 'awkward' partner. In this essay I intend to analyse these allegations to see to what extent Britain has been awkward. 'In 1902 Britain first entered into a long-term security alliance in peacetime' (Young 1993:02), but it was not only concerned with Europe. This alliance was signed after the Boer war, as it revealed the military weaknesses and problems of Europe uniting against Britain. Britain eventually committed itself to a war against the Central powers, Germany and Austria- Hungary in 1914, this required some large changes (such as restrictions on personnel freedom) and higher taxes. However Britain could not cope with these

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  • Level: University Degree
  • Subject: Social studies
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Symbols employed in "The American Beauty" and their effects

Implications of the Roses in "American Beauty" The rose has long been used as an archetype in literature and films. This flower is the manifestation of absolute beauty for artist in different genres and cultures but also symbolizes love and romance presented in the most primitive way of human nature. In the film "American Beauty", the symbol of rose is weaved in throughout the movie and is used not only to manifest the aspects of beauty but also reveals each unique character and their role in society. The rose is first seen in the beginning of the film with the accompaniment of Lester's narration about his life and family relations. Alan Ball employs the roses in the beginning scene as a symbol for power and success which she tries to pursuit in her career and family. We see Carolyn taking care of the roses in the garden and with the absence of Lester while she is socializing with the neighbors; the audience realizes that she is the dominant figure in the family. The fact that the neighbor is praising the beauty of the roses indicates that Carolyn is the iconic figure in the Burnham family and that she is recognized as an important and successful person in society. The success Carolyn has in her life, portrayed by the beauty of the roses, further highlights Lester's lack of masculinity in both society and family, establishing the two contrasting characters right at the

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  • Level: International Baccalaureate
  • Subject: Drama
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The role of DNA in protein synthesis

The role of DNA in protein synthesis Introduction to DNA DNA is a polymer of monomers called nucleotides. It has been found in chromosomes which are contained in the nucleus. Many observations contributed to the evidence from which the structure of DNA was eventually deduced by Watson and Crick. DNA is stand for the deoxyribose nucleic acids. It is made from two strand of nucleic acid wound into a double helix. Nucleic acid are macromolecules with relative molecular masses ranging from 10 to 10 . They are biult up of nucleotide subunites, which join together forming long unbranched chains. A nucleotide of DNA is made up of : > a pentose sugar - deoxyribose (C5H10O4) > a phosphate group (H3PO4) > an organic nitogenous base - adenine, guanine, thymine or cytosine -the organic base present in nucleotides are either pyrimidines, which have a single-ring structure, or purines with a double ring structure. Pyrimidines - single rings each with six sides. e.g. cytosine (C) and thymine (T) purines - double rings comprising of a six-sided and five-sided ring. e.g. adenine (A) and guanine (G) Condensation reactions join the nucleotides together, the reaction between the nucleoside and phosphoric acid. A phosphodiester bridge is formed between the 3 carbon atom of one pentose sugar and 5 carbon atom of another sugar. The hydrogen bonds join bases across the strands. Protein

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Of Mice & Men : Crooks analysis

Of Mice & Men: Crooks Crooks is introduced to us in a very unique way. Steinbeck describes all his belongings, creating a strong vivid picture in the readers head. Crooks the 'negro stable buck' lives alone in a small cramped room. He is someone who is treated very unfairly and unjustly, due to just his colour. When he was young he was kicked by a horse, therefore leaving him with a body which is crooked to the left. He has many things from shoes, a clock, and a shotgun; he also has a dictionary, magazines, a few dirty books, and a pair of 'gold' spectacles. Crooks keeps his room 'swept and clearly neat'. For Crooks his room is his supply of pride. Crooks room alone tells us everything about him. It tells us how he is different from many other ranch workers. His room is flocculated with boxes with various amounts of tools from his countless amounts of previous jobs. Steinbeck tries to portray to us that Crooks has been a ranch worker for a very long time and over the time he has gathered a load of possessions. Crooks is not treated as a normal human being, he is seen as almost an animal, and therefore he always tries to takes pride in himself. The 'fairly neat' room shows this. Crooks is told that he is not allowed in the bunk house, due to him being black and as any human being would do, he takes offence, as Crooks is not allowed in the bunk house, he tries to maintain

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  • Subject: English
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Biology Coursework : Rate of Photosynthesis

Biology Coursework : Rate of Photosynthesis Aim To investigate a factor that affects the rate of photosynthesis. Outline A piece of pond weed will be cut and placed into a beaker containing water and sodium hydrogen carbonate. A lamp will be shined on to the pond weed and the amount of bubbles released from the plant will be counted for 1 minute. The lamp will be adjusted to different distances from the plant to try and obtain different results. Background In Previous experiments leading up to this one, we have seen that plants are able to photosynthesis better when there is plenty of light. As long as there are no other limiting factors this should be true. When chlorophyll absorbs light energy, the light energy cannot be immediately used for energy conversion. Instead the light energy is transferred to a special protein environment where energy conversion occurs. This happens by using the energy of a photon to transfer electrons from a chlorophyll pigment to the next. When enough light energy has been harnessed at a reaction centre, ATP can be synthesized from ADP. During this reaction, oxygen is produced as a by-product and it is the oxygen bubbles that are being measured in the experiment. The greater the light intensity, the more light energy that can be transferred and harnessed to fuel reaction in photosynthesis. Diagram Photosynthesis Equation: 6CO2 + 6H2O

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  • Level: GCSE
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