Please answer these 3 questions from Extract 1:
l.Explan how an economic recession can cause changes in government spending and tax revenues
m. Analyse the effects of a rise in the discretionary budget deficit on the economy using AD/AS and comment on the importance of the fiscal multiplier
n. If the UK had joined the euro, do you think the country would have fared better during the recession?
Please complete for Monday 10th May
