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Quantitative easing is a monetary policy instrument undertaken by the central bank. The aim of the policy is to increase money supply (liquidity) in the economy - encouraging spending and investment. 

Unlike part (a) questions which are weighed at 10 marks, and tests your knowledge and understanding, application and analysis, and your selection, use appropriate skills and techniques. P...

Direct taxes are taxes imposed on people's income or wealth, and on firms' profits.

Indirect taxes are also known as expenditure taxes, and are taxes consumers pay to a seller by buying the good an...

Less free trade with EU

The European Union is an important source and target for inward investment. Many European companies have invested in the UK and the UK earns revenue from in...

Price elasticity of demand (PED) is a measure used to show the responsiveness of the quantity demand of a good to a price change and is generally expressed in percentages. This is extremely important for ...