Economics 9708 · AS & A Level · Price stability and inflation

Price stability and inflation — practice question

(a)[8]

Using a country that is familiar to you, Explain the main causes of unemployment and judge which of these causes is most significant.

(b)[12]

Assess whether supply-side policy is the only method of reducing long-term unemployment in an economy.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: AO1 (max 3): Understanding/definition of unemployment (1); awareness of at least two types of unemployment (2 × 1).

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