A-LevelEconomicsGovernment macroeconomic intervention9708/31 · May/June 2018 · Q291 Mark

Which policy is most likely to allow a developed economy to meet all its macroeconomic objectives? A lowering interest rates to raise actual growth above potential growth B supply-side reform to increase product and factor market flexibility C tax reform to make the system of taxation increasingly regressive D the introduction of tariffs to protect domestic industry

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: Government macroeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2018 Paper 3 Variant 1, question 29.

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