(a)[8]
Using a diagram, explain why the interaction of aggregate demand and aggregate supply matters for an economy.
(b)[12]
Analyse the causes of an increase in aggregate supply. Discuss the extent to which this may be beneficial for an economy.
Economics 9708 · AS & A Level · Economic growth
Economic growth — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge: a correctly labelled diagram showing equilibrium at the point where AD and AS intersect (KU: up to 2 marks)” …
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