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AQA AS Economics Paper 2 23rd May 2016 NEW SPEC watch

1. Anyone ready? I just learnt all of macroeconomics this weekend. Any predictions also?
2. People are talking about monetary policy, I'm just praying for economic indicators
3. How did everyone find it?
4. Does anyone remember any multiple choice questions?
5. I think it went well. Anyone do context one? What did you write about?
6. (Original post by Kaasi)
I think it went well. Anyone do context one? What did you write about?
I got -41.42% for the calculation question.For the 10 marker I talked about increase in imports, decrease in exports, how it shifts AD to the left (drew a diagram there) and how it leads to deflationary pressure, with either disinflation or deflation.
7. Apparently for context 1 calculation you just had to minus the index from each other... because they are already in percentages..??
8. (Original post by Starmock99)
Apparently for context 1 calculation you just had to minus the index from each other... because they are already in percentages..??
No I don't think index points are percentage values
9. (Original post by sharmonraja)
No I don't think index points are percentage values

1. drew my bar chart for context 1 using both variables how many marks will i lose even if the one variable they were asking for is fully correct
10. Quick question. When I drew the barchart, I left no spaces. Mainly because there wasnt enough space to leave spaces anyway. Does it matted?
11. QUOTE=Kholmes1;65080723]Quick question. When I drew the barchart, I left no spaces. Mainly because there wasnt enough space to leave spaces anyway. Does it matted?[/QUOTE]

i did not do spaces and i think it will be fine as space was limited and on the new spec mark scheme for micro they said 'allow spaces'
12. The exam went well for me, barring that percentage change question. Hopefully it doesn't bite me in the butt.
13. If you did not leave spaces between your bars it does matter. (Its not a bar chart otherwise). What did people put for the multiple choice question on what would cause a rightward shift in aggregate demand, the answer was either increase in exports or increase in the budget deficit, but which one?
14. (Original post by TighFR)
If you did not leave spaces between your bars it does matter. (Its not a bar chart otherwise). What did people put for the multiple choice question on what would cause a rightward shift in aggregate demand, the answer was either increase in exports or increase in the budget deficit, but which one?
I think you don't need spaces, It said that on the mark scheme on a past paper and i put exports but lots saying gov spending. I think the question is unfair as both work.
15. I Would have to argue:

The Answer is clearly Only an increase in the budget deficit

The deficit can rise in one of two ways

More spending->Increasing G component of AD shifting it right
or
A cut in taxes-> Increasing disposable income-> Increasing C element of ad shifting it right

however
for Exports they can increase but so can imports

so even though they may mark both right, its more than likely Gov Spending
16. I'm sure I scored at least 90% of the marks.
17. QUOTE=Harmonica;65086125]I'm sure I scored at least 90% of the marks.[/QUOTE]

18. (Original post by sfs)
I Would have to argue:

The Answer is clearly Only an increase in the budget deficit

The deficit can rise in one of two ways

More spending->Increasing G component of AD shifting it right
or
A cut in taxes-> Increasing disposable income-> Increasing C element of ad shifting it right

however
for Exports they can increase but so can imports

so even though they may mark both right, its more than likely Gov Spending
The question said all things being equal or remaining the same therefore the increase in exports would be without an increase in imports. But again, that just makes it a dumb ****ing question as, the answer could be both.
19. (Original post by TighFR)
The question said all things being equal or remaining the same therefore the increase in exports would be without an increase in imports. But again, that just makes it a dumb ****ing question as, the answer could be both.
The reason I think it's a budget deficit is because it said an increase in exports, not the value of exports.
20. (Original post by Simosos)
The reason I think it's a budget deficit is because it said an increase in exports, not the value of exports.
I put budget deficit too, my reason was that it's a greater component of AD compared to exports - the question said MOST likely.

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