I don't think it's B

Wouldn't a fall in the value of UK exports mean that demand for UK exports would increase- as goods are cheaper in the UK compared to other countries?

I put C, as an increase in costs would cause firms to reduce output and therefore the amount of labour

Not sure if I'm right :/

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Reply 186

kenis

Original post by Einstein16

i'll be uploading the images shortly ...

thanks

Reply 187

StanleyWems

Original post by Einstein16

Question 21 : I cant draw the graph but I think we all got the same answer

All other things being equal, what would be the new equilibrium position following a rise in productivity and an increase in imports into the country ?

A : Point S
B: Point T
C: Point U ( Im sure this is the answer)
D:Point V

Question 22 : The long run trend rate of growth in an economy is declining and the economy is also experiencing an increase in its rate of unemployment. Which one of the following is likely to be most effective in dealing with these problems?
A : An expansionary fiscal policy and a restrictive monetary policy
B: A restrictive monetary policy and a restrictive fiscal policy
C: An expansionary monetary policy and addition supply side measures
D: A restrictive fiscal policy and addition supply side measures.

Einstein can u flick through the paper and see if the mc question regarding short run was a shift to the left or right. A) was wage rates

Reply 188

SamHLFC

Original post by Einstein16

Question 21 : I cant draw the graph but I think we all got the same answer

All other things being equal, what would be the new equilibrium position following a rise in productivity and an increase in imports into the country ?

A : Point S
B: Point T
C: Point U ( Im sure this is the answer)
D:Point V

Question 22 : The long run trend rate of growth in an economy is declining and the economy is also experiencing an increase in its rate of unemployment. Which one of the following is likely to be most effective in dealing with these problems?

A : An expansionary fiscal policy and a restrictive monetary policy
B: A restrictive monetary policy and a restrictive fiscal policy
C: An expansionary monetary policy and addition supply side measures
D: A restrictive fiscal policy and addition supply side measures.

I put C for both

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Reply 189

samuelsupress

Original post by StanleyWems

Einstein can u flick through the paper and see if the mc question regarding short run was a shift to the left or right. A) was wage rates

i think it was a shift to the left rise in wage costs increases firms cots therefore as falls

Reply 190

ineedtorevise127

guys for one mchoice was it
capital goods would decrease short run and increase long run

Reply 191

kenis

Original post by ineedtorevise127

guys for one mchoice was it
capital goods would decrease short run and increase long run

that's what I put pretty sure increase in capital goods in short term decreases output of other then due to investment the capital goods can be used to produce more of the other goods

(edited 10 years ago)

Reply 192

Einstein16

Original post by StanleyWems

Einstein can u flick through the paper and see if the mc question regarding short run was a shift to the left or right. A) was wage rates

Are you talking about when there was 4 graphs to choose from ?
If so I put D
( images are still coming up)

Reply 193

16dan2life

Original post by ineedtorevise127

guys for one mchoice was it
capital goods would decrease short run and increase long run

Yes. This was also a repeated one.

Fall in short run and increase in long run

Reply 194

stirkee

Original post by 16dan2life

Yes. This was also a repeated one.

Fall in short run and increase in long run

got that too :biggrin:

(but only because i got it wrong in a paper that i did this morning xD)

Reply 195

username953561

Anyone have an idea how many raw marks you would need to get between 50-60 ums? Thanks!

Reply 196

kenis

better not dwell on this paper anymore otherwise I wont be able to revise for another exam xD. what is done is done.

Reply 197

16dan2life

Original post by stirkee

got that too :biggrin:

(but only because i got it wrong in a paper that i did this morning xD)

aha, nice one!

Reply 198

16dan2life

Original post by kenis

better not dwell on this paper anymore otherwise I wont be able to revise for another exam xD. what is done is done.

I needed 77ums in econ2 last year to get an A for my AS econ. Trust me, I thought I flopped it hard. It was harder than this paper. I managed to get 77ums lol. So don't worry, you may get higher than expected