AQA A Level · 7136 · Paper 2: The national and international economy
4.2.4.3 Central Banks and Monetary Policy: Part 2
Also AQA AS 7135: 3.2.4.1
Everything you need for questions on monetary and fiscal policy as demand-side policies, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Monetary policy
- Fiscal policy
- On AD/AS
- What the MPC looks at
- Strengths and weaknesses
- A classic chain
- Classic question: is monetary policy more effective than fiscal policy?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Pull the interest rate lever
- You have the vote
- Be the Chancellor
- The policy calculation trainer
- Which lever works best?
- Build the chain
- Exam practice
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