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Edexcel a level economics a paper 2 mark scheme june 2023
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Question Number Answer Mark 1(a) Knowledge 2, Application 2 Knowledge/understanding: Correct labels on axes and curves (1) and shift of curve(s) (1) Application: Correct change in price level (1) and fall in real output (1) For example: N.B. Other AS curves are acceptable N.B. Decrease in AS also acceptable (4) Question Number Answer Mark 1(b) The only correct answer is A B is not correct because higher interest rates would lead to an increase in marginal propensity to save C is not correct because unemployment would be likely to increase as AD falls D is not correct because the pound would be likely to increase in value as a hig
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Edexcel A Level Economics A Paper 2 Ms
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