3 marksUnemployment and Inflation
CAPE Economics Unit 2 · 2017 · Paper 2 · Question 2(a)(ii)
State THREE costs of unemployment.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 2(a)(i)Distinguish between 'monetary policy' and 'fiscal policy'.[4 marks]
- 2(b)(i)Explain ONE way in which high or rising oil prices may impact the inflation rate.[3 marks]
- 2(b)(ii)Explain ONE way in which high or rising oil prices may impact the unemployment rate.[3 marks]
- 2(c)Discuss THREE tools of monetary policy that Central Banks can use to help control inflation.[12 marks]
More practice: the rest of this paper · more Unemployment and Inflation questions · all CAPE Economics Unit 2 past papers