(a)[4]
What is economic growth, and does it necessarily eliminate poverty and inequality?
(b)[5]
In the circumstances described in the article why might a country decide that lowering its exchange rate would help its economy?
(c)[5]
What evidence is there in the article that monetary policy had failed to improve the economies after the crisis?
(d)[6]
Explain what is meant by a ‘prisoner’s dilemma’ and analyse why the term was applied in the article to a market economy.