A-LevelEconomicsAggregate Demand and Aggregate SupplyOct/Nov 2019Paper 1 Q201 Mark
The diagram shows the original aggregate demand curve, AD1, and original aggregate supply curve, AS1. The original equilibrium is at X. What would cause the new equilibrium to be at Y? [Figure 20]
Aan increase in export prices
Ban increase in government spending on education
Can increase in import prices
Dan increase in the money supply
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The correct answer is C. This question tests the candidate's understanding of aggregate demand and aggregate supply within the Economicssyllabus. The examiner's mark scheme requires...
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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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