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Paper 3 question on monetary policy, credit creation, interest rates and inflation

IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes so students should spend 52.5 minutes on each question. This paper 3 style question is on monetary policy, credit creation, interest rates and inflation. Question AnswerThe Japanese Central Bank - Bank of Japan has increased its base interest rate for the first time in 17 years in an...

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