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Economics 9708/11 Oct Nov 2022 | Cambridge AS Level Past Papers With Mark Scheme

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- Transition to Market Economy: Key changes such as privatization and property rights transformation.
- Elasticity Concepts: Price elasticity of supply, cross-elasticity with substitutes and complements, and determinants of supply shifts.
- Market Dynamics: Effects of government policies, such as subsidies, minimum wages, and tariffs, on equilibrium, surplus, and income distribution.
- Inflation and Interest Rates: Correlation between oil price changes, inflation types, and monetary interventions.
- Trade and Balance of Payments: Analysis of Marshall–Lerner condition, terms of trade indices, and exchange rate determinants.
- Macroeconomic Policies: Role of fiscal, monetary, and supply-side policies in addressing inflation, unemployment, and deficits.
CIE AS & A Level Economics (9708) Nov 2022

Laura Bellini

Classification: Paper 1
Page count: 16
Viewed: 106
Last update: 12 days ago
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