Economics 9708/03 May June 2003 | Cambridge AS Level Past Papers With Mark Scheme

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1. Utility maximization through expenditure allocation between goods based on marginal utility per dollar.
2. Impacts of government subsidies on labor and capital allocation within production processes.
3. Economic implications of a monopolist’s price and revenue decisions under different cost conditions.
4. Comparison of Keynesian versus monetarist perspectives on the macroeconomy, focusing on aggregate demand and investment.
5. Causes and consequences of inflationary and deflationary gaps, linked to national income and expenditure levels.
6. Effects of monetary policy and educational investment in improving productivity and addressing cyclical unemployment.