A-LevelEconomicsThe macroeconomy9708/33 · May/June 2020 · Q281 Mark

Which statement is most likely to be made by an economist from the Keynesian school? A Any deviation from full employment will only be temporary. B Free markets will always lead to an efficient economic outcome. C Market imperfections can lead the economy to remain below full capacity for a considerable time. D The role of expansionary fiscal policy is likely to be limited.

(a)Which statement is most likely to be made by an economist from the Keynesian school? A Any deviation from full employment will only be temporary. B Free markets will always lead to an efficient economic outcome. C Market imperfections can lead the economy to remain below full capacity for a considerable time. D The role of expansionary fiscal policy is likely to be limited.[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 3, question 28.

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