Economics 9708/22 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Causes and consequences of hyperinflation, using Zimbabwe's economic crisis as a case study.
2. Role of government monetary policies in triggering hyperinflation and their effects on real money value and trade balance.
3. Analysis of maximum price controls below and above equilibrium and their impacts on market allocation using diagrams.
4. Comparison between merit and demerit goods and policy implications such as taxation versus prohibition for goods like cigarettes.
5. Application of expenditure-dampening and expenditure-switching policies in managing inflation and balance of payments deficits.
6. Worker and investor responses to extreme inflation scenarios and potential mitigation strategies.