CSEC Economics · May/June 2007 · Paper 2 · Question 6(a)
Explain what is meant by 'recession'.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 6(b)Describe TWO causes of unemployment.[4 marks]
- 6(c)Using a supply and demand diagram, illustrate and explain briefly cost-push inflation caused by a labour union successfully negotiating for a higher wage.[5 marks]
- 6(d)For a named Caribbean country, discuss TWO negative effects of a Government budget deficit on the economy.[8 marks]
More practice: the rest of this paper · more Macroeconomic Problems: Growth, Inflation, Unemployment, and Trade Unions questions · all CSEC Economics past papers