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Interest rates have been relatively low in the UK since the financial crisis in 2008 but have lately been on the rise as the Bank of England recently increased the base rate from 0.5% to 0.75%. One impact...
Fiscal policy is the use of government spending and taxation to control the levels of aggregate demand and aggregate supply in an economy.When an economy is recovering from a recession, the real rate of G...
Here is how I would set out an answer for this question:Define the term globalisation, and the word everybody (put it into economic terms, e.g. individuals, large/small firms, developed/developing countri...
Expansionary fiscal policy is usually financed by increased government borrowing – and selling bonds to the private sector.Keynes advocated expansionary fiscal policy should be used during a recession – w...
A country is said to have absolute advantage (in the production of a good) over another country if it is able to produce a greater quantity of a good (using the same amount of resources) than the other co...
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