A-LevelEconomicsMacroeconomics (Aggregate Demand and Supply)Oct/Nov 2013Paper 1 Q241 Mark
The diagram illustrates what happens to aggregate demand (AD) and aggregate supply (AS) in an economy during a year. [Figure 24.1] What explains the rise in the general price level?
Aboom in consumer spending
Bhigher taxes on company profits
Creduction in government-financed projects
Drising costs of raw materials
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of macroeconomics (aggregate demand and supply) within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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