(a)[2]
Using the data in Fig. 1.1, describe the pattern in the annual inflation rate in Argentina from February 2021 to January 2022.
(b)[2]
Explain the meaning of ‘the real interest rate will be negative’ in Argentina in January 2022.
(c)[4]
Consider how far having ‘the fifth highest inflation rate in the world’ is likely to create a problem for Argentina’s economy.
(d)[6]
Assess whether the likely advantages of introducing maximum prices on 1432 products in Argentina are likely to outweigh the likely disadvantages.
(e)[6]
Assess the possible advantages and limitations of using monetary policy to control inflation in a country such as Argentina.