Economics 9708 · AS & A Level · Labour market

Labour market — practice question

When a government devalues its fixed exchange rate, what is it most likely trying to achieve?

  • Ato improve the terms of trade
  • Bto increase the level of aggregate demand
  • Cto reduce a current account surplus
  • Dto reduce demand-pull inflation

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