A-LevelEconomicsThe macroeconomy9708/31 · Oct/Nov 2018 · Q251 Mark

A country is in recession with unused resources. The government reduces interest rates. What do Keynesian economists believe the short-run outcome will be? unemployment | economic growth | inflation ---|---|--- A | decrease | increase | decrease B | decrease | increase | uncertain C | increase | increase | increase D | increase | unchanged | uncertain

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). 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, Oct/Nov 2018 Paper 3 Variant 1, question 25.

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