3 marks
Give the meaning of stable prices as referred to in the extract.
AQA · 7136 / 7135
All 32 questions from the AQA AS Level Paper 2, Jun 2022 Economics paper (7136 / 7135), worth 120 marks in total. The main topics tested are Government spending (3), Employment and unemployment (2), Fiscal policy (2), AD and AS shifts (2).
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Give the meaning of stable prices as referred to in the extract.
Work out the 2018 level of national output using the figures supplied.
State two notable contrasts between British and German expansion across the years shown.
Sketch AD/AS showing how better labour mobility affects output and prices in the long run.
Explain the effect of weaker worldwide growth on jobs within Britain.
Evaluate measures available for raising Britain's trend rate of expansion.
Give the meaning of the share of the labour force without work.
Work out total public expenditure for the year using the welfare figure given.
State two notable contrasts in how public expenditure was divided between the two years.
Sketch AD/AS showing how larger injections affect output and prices.
Explain how tax and spending choices can reshape where activity takes place.
Assess whether a lasting, large rise in public expenditure would help Britain.
Identify which outcome is a likely aim of macroeconomic policy for a government.
Which pair of events would move both curves shown in the diagram as indicated.
Why data on the economy are commonly presented in index form.
Explaining why joblessness climbed even though the economy expanded overall.
Likely effects on prices, purchases from abroad and jobs as a negative gap widens.
What a deflationary stance actually aims to achieve.
Valid conclusion from indexed output-per-person figures for two different countries.
What follows for real output when money GDP falls and prices drop too.
Effects of dearer borrowing on capital spending, the gap and household saving.
Naming the process that links faster income growth to extra capital spending.
Identifying the base on which indirect taxation is charged.
When a rate rise aimed at the inflation target may prove ineffective.
Choosing the diagram showing new equilibrium after a storm wrecks an island's capacity.
Recognising which cut amounts to a loosening of the fiscal stance.
Calculating equilibrium income after purchases from abroad rise, given a multiplier value.
Purpose behind halving the tax charged on company profits.
Which set of circumstances would widen a shortfall on the external account.
Likely consequence for an economy expanding rapidly over the short term.
Short-term outcome of the state borrowing more than before.
Which monetary measure a government could use against falling prices.
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