Economics 9708/21 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

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1. Inflation's impact on halving the real value of money over time; central bank inflation targets.
2. Hyperinflation effects on money's functions; Zimbabwe’s currency abandonment and barter reliance.
3. Aggregate demand and supply analysis: balancing monetary policy for low inflation and high investment.
4. Transition from planned to market economies: benefits versus disadvantages.
5. Minimum price implementation: consequences for consumers and producers; price elasticity influence.
6. Central bank interventions to stabilize fixed exchange rates; expenditure-reducing policy effectiveness for floating exchange rates.