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# AQA Economics AS May 2015 Watch

1. (Original post by JBrns97)
I said exactly this but also mentioned the de-multiplier.
Any idea on what this is worth out of 12 then?
2. Can someone please give me a predicted mark for context 1 12 marker?
I defined intrest rates and output

i drew a AS/AD diagram with a leftward shift of the AD curve

I wrote a rise in interest rate will increase the reward for saving and increase the cost of borrowing. This will therefore increase the incentive to save and decrease the incentive to borrow. This will increase the savings ratio and therefore causing a fall in expenditure, lowering AD and causing it to fall. This will therefore cause households income to fall and since houses are an asset, i rise in income encourages people to buy new houses therefore this fall in income will cause a smaller demand for housing. This will reduce the derived demand for labour in the construction industry and cause a rise in unemployment of the industry.

If anyone has an idea what this is worth please comment.
3. For context 2, the 25 markers I started with 2 definitions. Trade off and economic growth.
4. (Original post by RJM1997)
Who else threw in a reference to -0.1% inflation today?
Haha that's quick. I didn't even hear it in the news until after the exam

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5. (Original post by simonedmo)
Can someone please give me a predicted mark for context 1 12 marker?
I defined intrest rates and output

i drew a AS/AD diagram with a leftward shift of the AD curve

I wrote a rise in interest rate will increase the reward for saving and increase the cost of borrowing. This will therefore increase the incentive to save and decrease the incentive to borrow. This will increase the savings ratio and therefore causing a fall in expenditure, lowering AD and causing it to fall. This will therefore cause households income to fall and since houses are an asset, i rise in income encourages people to buy new houses therefore this fall in income will cause a smaller demand for housing. This will reduce the derived demand for labour in the construction industry and cause a rise in unemployment of the industry.

If anyone has an idea what this is worth please comment.
Atleast 10 marks, could have mentioned on the main reason why house prices actually drop, e.g creating a market clearing price/equilibrium to an allocatively efficient level.
6. did you need to talk about how construction was not significant to the Uk economy and what will I get if I didn't this was for the unit 1 25 marker please help!!!!!!
7. Anybody got an unofficial mark scheme? Found it pretty difficult on the multi choice I got:
8. (Original post by simonedmo)
Can someone please give me a predicted mark for context 1 12 marker?
I defined intrest rates and output

i drew a AS/AD diagram with a leftward shift of the AD curve

I wrote a rise in interest rate will increase the reward for saving and increase the cost of borrowing. This will therefore increase the incentive to save and decrease the incentive to borrow. This will increase the savings ratio and therefore causing a fall in expenditure, lowering AD and causing it to fall. This will therefore cause households income to fall and since houses are an asset, i rise in income encourages people to buy new houses therefore this fall in income will cause a smaller demand for housing. This will reduce the derived demand for labour in the construction industry and cause a rise in unemployment of the industry.

If anyone has an idea what this is worth please comment.
Thats a good awnser but can you remember exactly what the 25 marker was am panicking and was wondering what it was
9. https://twitter.com/SayfulIslam2 - this person uploaded photos of their teacher's multiple choice answers if you'd like to take a look.
Anyone who did context 1, did you write about expansionary fiscal policy for the 25 mark question? I drew a diagram with AD shifting outwards, but I didn't shift the LRAS curve. Ugh.
10. (Original post by BzRMonkeh)
dont lie!! i dont think it did cause i wouldve easily put C if it was
Um, it really was though.
11. (Original post by fewq2)
did you need to talk about how construction was not significant to the Uk economy and what will I get if I didn't this was for the unit 1 25 marker please help!!!!!!
The question asked about the significance of the growth, you didn't need to talk about it not being significant.
12. (Original post by sjsj98)
The question asked about the significance of the growth, you didn't need to talk about it not being significant.
but are you sure i didn't have to say why the growth in construction wasn't significant for the UK economy but thanks and can you remember the exact question

Thank you
13. (Original post by fewq2)
but are you sure i didn't have to say why the growth in construction wasn't significant for the UK economy but thanks and can you remember the exact question

Thank you
I've never seen questions ask things like that, but I'm not sure. I compared the expansionary fiscal policy with the supply-side policy when increasing economic growth and talked about the benefits/drawbacks. In my conclusion I wrote about what the growth and international trade depends on. What did you do?
14. (Original post by sjsj98)
I've never seen questions ask things like that, but I'm not sure. I compared the expansionary fiscal policy with the supply-side policy when increasing economic growth and talked about the benefits/drawbacks. In my conclusion I wrote about what the growth and international trade depends on. What did you do?
to be honest need the question then will be able to remember what i wrote
15. (Original post by fewq2)
to be honest need the question then will be able to remember what i wrote
I can't remember the exact words, but it was asking about the significance of growth in the construction sector
16. (Original post by sjsj98)
I can't remember the exact words, but it was asking about the significance of growth in the construction sector
yeah i just talked abou the effects it would have on the uk economy like inflation and productivity etc
17. (Original post by RJM1997)
Agree!

Feel sorry for anyone doing context 2 that didn't just compare inflation and growth
Wait is this the 8 marker ur talking about
18. (Original post by thesmallman)
Wait is this the 8 marker ur talking about
Yep on context 2
19. What is the answer to question 14 of the multiple choice?
I put D
20. (Original post by simonedmo)
What is the answer to question 14 of the multiple choice?
I put D
Can you remember what the question was?

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