Economics 9708/22 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyzing Eurozone consumer price changes from March 2021 to February 2022 and their inflationary trends.
2. Assessing labor supply shortages and their impact on inflation within the Eurozone using aggregate demand and supply concepts.
3. Evaluating the effects of rising energy and food prices on poorer households through the lens of price elasticity of demand.
4. Examining the advantages and disadvantages of the European Central Bank substantially increasing interest rates to address inflation.
5. Differentiating between merit and demerit goods with examples and analyzing subsidy effectiveness for merit goods and minimum price policies for demerit goods.
6. Assessing the roles of supply-side policies and protectionism in achieving long-run economic growth and comparing free trade to protectionist policies for developing economies.