A-LevelEconomicsGovernment macroeconomic intervention9708/33 · May/June 2018 · Q271 Mark

The table shows the elasticity of demand for money and the elasticity of demand for investment with respect to a change in the interest rate for four countries. Which country is closest to a Keynesian model of the economy? elasticity of demand for money with respect to a low interest rate elasticity of demand for investment with respect to any interest rate

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 3, question 27.

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