The global financial crisis of 2008 was arguably the biggest shock to the world and the UK economy since the Second World War and its effects are still being felt nearly 10 years later.
The following question appeared on the Edexcel AS paper in May 2016. It is the last part of a data-response question where candidates choose one question from two. Before reading this article, you might find it helpful to look at the stimulus material that accompanied this question. The exam paper can be downloaded from the Edexcel website. Parts of this column will outline the context of the question and it is not expected that you, in exam conditions, would be able to cover everything that is discussed here.
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