👑Macroeconomics Essays
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O Level
Moldova has a population of 3.5 million. It is one of the poorest countries in Europe, with relatively low living standards. In 2015, the country experienced a recession and a doubling of its inflation rate. Moldova’s central bank increased its interest rate from 8.5% to 15.5%.
Discuss whether a government should increase tax rates during a recession. [8]
Taxation