Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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NAIRU - definition

The non-accelerating inflation rate of unemployment (NAIRU) is the specific unemployment rate at which the rate of inflation stabilises - inflation will neither increase nor decrease.

Although a highly theoretical concept it has been influential in shaping monetary policy.  NAIRU is shown graphically as the level of unemployment at the prevailing long run Phillips curve (LRPC).

NAIRU diagram

NAIRU does not necessarily exist at one unemployment rate. Indeed, effective supply-side policy can shift the long run Phillips curve to the left and hence reduce the NAIRU rate.


WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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