AS Level Paper 2, Jun 2023

Give the meaning of a sustained fall in the general level of prices.

Work out a hotel room's revised price once the sales tax rate falls.

State two notable characteristics of the price data across the years shown.

Sketch AD/AS showing how a lower sales tax affects output and prices.

Explain two influences on the central bank's decisions about interest rates.

Assess whether keeping interest rates extremely low benefits Britain's economy.

Give the meaning of an economy returning to growth after a downturn.

Work out goods imports for that year from the stated trade shortfall.

State two notable characteristics of the trade data across the years shown.

Sketch AD/AS showing how a stronger trade position affects output and prices.

Explain the impact of weakening competitiveness abroad on a nation's rate of expansion.

Evaluate measures capable of lastingly improving Britain's trade position.

Picking the item that counts as an injection rather than a withdrawal.

When extra demand feeds mainly into rising prices instead of output.

Valid inference drawn from a series of consumer price readings over twelve years.

Selecting the diagram for new equilibrium after a pay floor rise and global recovery.

Identifying which listed levy is a direct rather than indirect charge.

Deducing total supply by summing the spending items given for one year.

Which indicator best signals where an economy sits in its cycle.

Policy mix raising output and jobs without pushing the price level up.

What a move between two points on the curve implies about activity patterns.

Which economy's planned spending change exactly closes its gap, given multiplier sizes.

Fiscal measure open to a government wanting slower price rises.

Conclusion available from four years of falling but still positive growth rates.

Whose accumulated net borrowing makes up the national debt.

Recognising a government tool used in industrial strategy.

Events expected when trend growth is weak, no gap exists and labour hours shrink.

Likely domestic impact when sterling strengthens against the dollar.

Best explanation for falling prices coinciding with plentiful jobs.

Tightening option that curbs inflation while protecting future productive capacity.

Cause of an outward move in the short-run supply curve that lifts output.

Which change would most likely boost British sales to overseas buyers.