A-LevelEconomicsThe macroeconomy9708/32 · Feb/Mar 2017 · Q231 Mark

Under conditions of full employment, the Quantity Theory of Money suggests that (other things being equal) the effect of an increase in the velocity of circulation will be to increase

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2017). 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, Feb/Mar 2017 Paper 3 Variant 2, question 23.

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