Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

The diagram illustrates an economy’s aggregate demand curve together with two short-run aggregate supply curves. What might explain the change in real output from Y1 to Y2?

  • Aa decrease in bank lending
  • Ba decrease in world oil prices
  • Can increase in indirect taxation
  • Dan increase in wage rates

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI