A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2015 · Q281 Mark

An economy with a fixed exchange rate experiences an increased deficit on the current account of the balance of payments. What is most likely to increase as a consequence?

Aemployment

Binterest rates

Cinvestment

Dnational output

✓ Correct answer

B: interest rates

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 28.

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