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3 marksUnemployment and Inflation

CAPE Economics Unit 2 · 2017 · Paper 2 · Question 2(b)(ii)

Explain ONE way in which high or rising oil prices may impact the unemployment rate.

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Other parts of this question

  1. 2(a)(i)Distinguish between 'monetary policy' and 'fiscal policy'.[4 marks]
  2. 2(a)(ii)State THREE costs of unemployment.[3 marks]
  3. 2(b)(i)Explain ONE way in which high or rising oil prices may impact the inflation rate.[3 marks]
  4. 2(c)Discuss THREE tools of monetary policy that Central Banks can use to help control inflation.[12 marks]

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