A-LevelEconomicsThe macroeconomy9708/32 · May/June 2020 · Q291 Mark

Which statement describes what the Phillips curve shows? A An inverse relationship exists between inflation and unemployment. B As employment increases the balance of payments deteriorates. C Economic growth and employment have a positive relationship. D It is possible to achieve low inflation and high economic growth at the same time.

(a)Which statement describes what the Phillips curve shows? A An inverse relationship exists between inflation and unemployment. B As employment increases the balance of payments deteriorates. C Economic growth and employment have a positive relationship. D It is possible to achieve low inflation and high economic growth at the same time.[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 2, question 29.

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