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2.5 Monetary Policy (questions)

Past Paper Essay Question

May 2011 TZ1

2. During the global financial crisis of 2008–2009, there was a fall in consumer spending in many countries.

    (a) Explain the factors which might be responsible for causing consumer spending to fall. [10 marks]

    (b) Evaluate the possible consequences of falling consumer spending for a country’s macroeconomic performance.         [15 marks]

In this section are a series of questions on the topic - monetary policy. The questions may include various types of questions. For example:

  • Short-answer questions - a series of short-answer questions to help you check your understanding of the topic
  • Case studies - questions based around a variety of information
  • Long answer - questions requiring an extended/essay type response
  • Data response - responding to data or topical economics news articles

Click on the right arrow at the top or bottom of the page to work through the questions.