A-LevelEconomicsGovernment macroeconomic intervention9708/32 · Oct/Nov 2017 · Q291 Mark

In 2011, the global money supply, narrowly defined, rose 11% and broadly defined money increased roughly 8%, as central banks continued efforts to keep interest rates low. What type of policy does this statement illustrate? A contractionary fiscal B contractionary monetary C expansionary fiscal D expansionary monetary

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.

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Topic: Government macroeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 3 Variant 2, question 29.

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