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Date May specimen first teaching 2021 Marks available 10 Reference code SPM.1.HL.TZ0.2
Level Higher level Paper Paper 1 Time zone Time zone 0
Command term Explain Question number 2 Adapted from N/A

Question

Explain two tools open to a central bank to conduct expansionary monetary policy.

[10]
a.

Using real-world examples, evaluate the effectiveness of monetary policy to achieve low unemployment.

[15]
b.

Markscheme

Answers may include:

 

a.

Answers may include:

N.B. It should be noted that definitions, theory and examples that have already been given in part (a), and then referred to in part (b), should be rewarded

b.

Examiners report

[N/A]
a.
[N/A]
b.

Syllabus sections

First exams 2022 » Unit 3: Macroeconomics » 3.5 Demand management (demand side policies)—monetary policy » 3.5.4 Tools of monetary policy
First exams 2022 » Unit 3: Macroeconomics » 3.5 Demand management (demand side policies)—monetary policy
First exams 2022 » Unit 3: Macroeconomics
First exams 2022

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