2 marksUnemployment and Inflation
CAPE Economics Unit 2 · 2015 · Paper 2 · Question 4(c)(i)
Define the term 'stagflation'.
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- 4(a)(i)Define the term 'fiscal policy'.[2 marks]
- 4(a)(ii)Explain, using TWO examples, the term 'automatic stabilizers'.[5 marks]
- 4(a)(iii)Distinguish between 'discretionary fiscal policy' and 'non-discretionary fiscal policy'.[4 marks]
- 4(b)(i)Analyse how monetary policy can be used to address the problem of recession or slow growth.[4 marks]
- 4(b)(ii)Analyse how monetary policy can be used to address inflation.[4 marks]
- 4(c)(ii)With the use of a labelled Phillips curve, explain how the use of fiscal and monetary policies to solve problems of inflation and unemployment can further…[4 marks]
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