Economics 9708/22 March 2023 | Cambridge AS Level Past Papers With Mark Scheme

Download the full PDF file for detailed reference.

1. Compare US inflation rates between July–December 2020 and January–June 2021, using provided data.

2. Explain the concept of an economic stimulus package in the US and its role during inflationary periods.

3. Assess the effectiveness of rising interest rates in reducing inflation in the US, considering demand and supply-side dynamics.

4. Analyze the causes of inflation in the US using an AD/AS diagram, differentiating between demand-side and supply-side factors.

5. Evaluate the economic consequences of rising inflation for the US, focusing on consumer spending, investment, and income distribution.

6. Assess whether the introduction of minimum prices in markets or supply-side policies effectively address economic challenges like inequality or current account deficits.