A-LevelEconomicsThe macroeconomy9708/31 · May/June 2020 · Q271 Mark

What belief do Keynesians and Monetarists share?

(a)A Expectations rapidly adapt to changing circumstances. B Fiscal policy is the most effective economic policy. C There is need for individual choice expressed through the market. D The velocity of circulation of money is stable.[1]

Mark scheme

Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2020 Paper 3 Variant 1, question 27.

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