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Economics 7136/2 June 2023

Economics 7136/2 June 2023

The paper focuses on macroeconomic themes and international economic dynamics. Section A explores corporation tax in Ireland, discussing its impact on multinational corporations, government revenue, and macroeconomic performance. It highlights tax reforms, foreign investment, employment reliance, and potential economic challenges. Quantitative easing in the UK is analyzed, addressing its role in monetary policy, economic recovery, inflation, and wealth inequality. Section B covers globalisation, supply-side shocks, economic growth, and policy trade-offs. Key topics include trade liberalisation, aggregate supply shifts, conflicts in economic objectives, and the relationship between economic growth and living standards, emphasizing policy evaluation and real-world applications.

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Classification: Paper 2
Page count: 8
Viewed: 89
Last update: 8 months ago
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