A-LevelEconomicsAggregate Demand and Aggregate SupplyFeb/Mar 2023Paper 1 Q211 Mark
The diagram shows the aggregate demand (AD) and long-run aggregate supply (LRAS) curves for a country. X is the original equilibrium position. In one year, over one million foreign workers left the country and at the same time the country's currency appreciated against the currencies of its major trading partners. What will be the most likely new equilibrium position for this country? [Figure: AD-LRAS diagram]
AD
BA
CC
DB
✓ Correct Answer
The correct answer is C: C
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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