Economics 9708/22 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

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1. Identification of periods of falling consumer prices in Japan using CPI data and its economic implications.
2. Analysis of the impact of falling oil prices on consumer prices and overall economic conditions using expenditure categories.
3. Discussion of the influence of spending categories on real income changes for households in Japan during 2015.
4. Evaluation of expansionary monetary policy in achieving Japan’s 2% inflation target and its effectiveness.
5. Analysis of income elasticity of demand and its application in distinguishing between different types of goods.
6. Comparison of expenditure-reducing and expenditure-switching policies in addressing current account deficits and their relative effectiveness.