Paper 3 (2023) Synoptic Revision Through BoP and Exchange Rates | A-Level Economics

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The second of three sessions ahead of Paper 3 (2023) where we focus on some micro and macro aspects of a specific core topic area. In this session our focus is the balance of payments and exchange rates,
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Gutted I could be there to watch it live, great video as always 👍

IBoy
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Could you argue that one macroeconomic impact of increased contestability in the banking sector is an increase in house prices as a result of lower interest rates and greater access to credit, possibly causing a positive wealth effect and an increase in AD?

ishanpatel
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Would increased contestability in uk banking industry also lead to non-price strategies such as Plums saving accounts finding you investment opportunities for free? Or is that not micro because investment is Macro? 34:10

maw