The macroeconomy (A Level)

Worked examples (6)

• 1Calculate propensities (4 marks)
• 2Calculate the multiplier and ΔY (5 marks)
• 3Explain the multiplier process (5 marks)
• 4Close a deflationary gap (5 marks)
• 5Explain the accelerator (6 marks)
• 6Evaluate the multiplier for policy (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Identify output gaps (4 marks)
• 2Identify business cycle phases (4 marks)
• 3Explain automatic stabilisers (5 marks)
• 4Explain inclusive growth (5 marks)
• 5Sustainable growth and the environment (6 marks)
• 6Evaluate policies to promote growth (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Define full employment and the NRU (4 marks)
• 2Voluntary vs involuntary unemployment (4 marks)
• 3Explain hysteresis (5 marks)
• 4Labour mobility and structural unemployment (5 marks)
• 5Reducing unemployment below the NRU (6 marks)
• 6Evaluate policies to reduce unemployment (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Functions of money (4 marks)
• 2Apply the quantity theory MV = PT (4 marks)
• 3Bank credit multiplier (4 marks)
• 4Banks' conflicting objectives (5 marks)
• 5Explain quantitative easing (6 marks)
• 6Evaluate the quantity theory (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style