Economics 9708/13 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Definitions and principles of money, including its functions as a medium of exchange and store of value.

2. Income taxation analysis based on proportionality and burden distribution across income groups.

3. Supply-demand scenarios:
- Price elasticity effects in various markets.
- Joint supply and joint demand interactions for goods.

4. Role of ceteris paribus in economic modeling and assumptions for isolating variable impacts.

5. Aggregate demand and supply principles with applications to real GDP, price levels, and government policies affecting inflation and growth.

6. Trade and exchange rate dynamics:
- Factors leading to terms of trade improvement.
- Fixed exchange rate impacts under confidence shifts.

7. Macroeconomic policies to address deflation, balance of payments deficits, and economic stimulus through infrastructure investment and transfer payments.