Mark scheme Q5 unit 3.3
This exam style question was written by me for the new syllabus and focusses on monetary policy. In section (a) treat the response as 2 x 5 mark questions, with candidates required to identify two different consequences of lower interest rates. The most obvious of these being a rise in overall economic activity and a rise in average prices. In section (b) responses must discuss the effectiveness (strengths) and...