(a)[2]
Name two components of aggregate demand that are not referred to in the first paragraph of the extract.
(b)[2]
Calculate the percentage rise in US GDP from 1 July to 1 October 2007.
(c)[2]
Why does Fig. 4 describe a ‘falling dollar’ even though the line trends upward?
(d)[6]
Discuss how effective a cut in interest rates is likely to be as a remedy for a slump in the housing market.
(e)[8]
To what extent does the data support the view that the US economy was dealing with ‘conflicting policy objectives’?