Economics 9708/23 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Define negative economic growth and identify the country that faced the most severe recession in 2020, justifying the answer.

2. Analyze China’s rapid economic recovery starting in Q2 2020, focusing on the economic reasons for growth and their relative impact.

3. Assess the effects of economic recovery on employment and price stability in China, considering its unique recovery trajectory.

4. Evaluate whether monetary policies are the optimal strategy for fostering economic recovery in high-income countries like the US and UK.

5. Compare the usefulness of price elasticity measures (PES, PED, XED) for producers and consumers, particularly in markets like smartphones.

6. Assess the causes of unemployment and evaluate the effectiveness of supply-side policies versus alternative approaches to reduce long-term unemployment.