A-LevelEconomicsMacroeconomic PolicyMay/June 2018Paper 3 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
📋 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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