THE AFFLUENT SOCIETY = ECONOMIC DEVL ( BLALANCE PAYMENT + STOP GO)

Question 1

what is the stop- go economics

Answer 1

when imports exceed exports and balance it stops until output decrease and then its go where they remove control until; imports are rising and imports exceed. This goes in a circle again.

Question 2

which countries pressure over suez crisis could have exposed Britain’s fiancial weakness

Answer 2

USA

Question 3

what caused to run after their financial weakness

Answer 3

Run on the pound

Question 4

what’s run on the pound

Answer 4

limit wage increases and to cut the money supply

Question 5

who proposed the run on the pound?

Answer 5

Peter Thorneycroft - chancellor