AQA Economics AS-level PAPER 2 QUESTIONS AND COMPLETE ANSWERS

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AQA Economics AS-level PAPER 2 QUESTIONS AND COMPLETE ANSWERS Fiscal policy involves the use of The diagram below shows two production possibility frontiers for an economy. The economy is initi... ally producing at point X on production possibility frontier EE. The outward movement of the production possibility frontier from EE to FF, with increased production of both types of good at point Y, is most likely to be the result of Which one of the following combinations is correct regarding the rate of inflation and the responsibilities of the UK Government and Monetary Policy Committee (MPC) of the Bank of England? Which one of the following is most likely to cause demand-pull inflation? The diagram below shows two aggregate demand (AD) curves and the short-run aggregate supply (SRAS) curve for an economy. All other things being equal, a fall in the price level from P1 to P2 could be explained by a fall in Which one of the following would be regarded as a supply-side shock for the UK economy? The diagram below shows the aggregate demand (AD), short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves for an economy. The economy’s initial equilibrium is at point E. Which one of the following developments affecting the economy is most likely to account for the movement of macroeconomic equilibrium from E to F? [Show More]

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