Economics 9708/03 Oct Nov 2002 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of the effects of new technology on production possibility curves and equilibrium prices.
2. Examination of labor market changes, including wage elasticity, trade union impacts, and structural unemployment solutions.
3. Discussion of the accelerator principle and its implications for investment and national output.
4. Evaluation of automatic stabilizers like unemployment benefits, income tax, and their role in economic cycles.
5. Exploration of demand and supply in commodity markets, focusing on price elasticity and price fluctuations in less-developed countries.
6. Assessment of policies targeting inflation, aggregate demand, and long-term growth rates in developing economies.