A-LevelEconomicsThe macroeconomy9708/31 · May/June 2018 · Q211 Mark

What is assumed in the explanation of cyclical unemployment? A Employers employ more labour if aggregate demand decreases. B Exchange rates ensure the value of imports is always equal to the value of exports. C Interest rates make planned investment equal to planned savings. D Money wages are inflexible in a downward direction.

Mark scheme

Marking points from the official mark scheme (May/June 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, May/June 2018 Paper 3 Variant 1, question 21.

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