A-LevelEconomicsGovernment macroeconomic intervention9708/31 · May/June 2019 · Q261 Mark

Under which conditions will a Keynesian expansionary fiscal policy be most likely to take an economy out of a recession without too much inflation? demand for money wage flexibility aggregate supply curve A interest elastic high price elastic B interest inelastic high price inelastic C interest elastic low price elastic D interest inelastic low price inelastic

Mark scheme

Marking points from the official mark scheme (May/June 2019). 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 2019 Paper 3 Variant 1, question 26.

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