4 marksUnemployment and Inflation
CAPE Economics Unit 2 · 2012 · Paper 2 · Question 3(a)(i)
Distinguish between 'unemployment' and 'underemployment'.
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Practise this questionOther parts of this question
- 3(a)(ii)Outline FOUR types of unemployment.[8 marks]
- 3(b)(i)With the use of examples, describe TWO types of inflation.[6 marks]
- 3(b)(ii)Differentiate between 'nominal interest rate' and 'real interest rate'.[4 marks]
- 3(c)Explain how expansionary monetary policy may be used, instead of fiscal policy, to increase employment in the economy.[3 marks]
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