In 2008, shared spaces were discussed in a segment on Newsnight titled âThe Case Against Traffic Lightsâ. In 2011, the Department of Transport released a special local transport note on shared space, posing it as a challenge to the idea that segregating cars and pedestrians always improves safety.
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market. The circular flow diagram relates to the current economic situation since it shows the ways our different markets affect each other. There are two markets, the Resource market and the Product market. âThis model provides an overview of the central concerns of both macroeconomics and microeconomics.
Monetary policy is the Fed.s role in supplying money to the economy to influence aggregate economic performance. Monetary theory is the study of the effect of money on the economy. Economists believe that a change in the money supply affects the economy through two channels: 1. Indirect channel  Changes in the money supply affect AD through changes in the interest rate. 2. Direct channel  Changes in the money supply directly affect how much people want to spend.