a2 topical past paper questions

10.3 Effectiveness of policy options to meet all macroeconomic objectives 

9708/42/F/M/24

With the help of a diagram, assess the effectiveness of government policies which might be used to reduce cost-push inflation. [20]

9708/42/O/N/22 

Discuss whether a government can achieve all its key macroeconomic aims simultaneously. [13] 

9708/42/M/J/22 

Discuss whether monetary policy alone is sufficient for a government to achieve its macroeconomic aims simultaneously. [13] 

9708/43/O/N/21 

‘Economic growth will always decrease the level of unemployment but this will usually create significant problems in relation to attaining other key macroeconomic aims.’ How far do you agree with this statement? [13] 

9708/42/M/J/21 

Explain what is meant by quantitative easing (QE) and consider whether it is an effective policy to be used in a recession. [12] 

‘Policies to achieve economic growth will inevitably cause a government budget deficit.’ How far do you agree with this statement? [13] 

9708/42/F/M/21 

To what extent do you agree that it is not possible to solve a persistent balance of payments deficit without sacrificing other key macroeconomic aims? [13] 

9708/42/O/N/21 

Discuss whether fiscal policy alone can promote a more equal distribution of income. [13]