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Econ 4 AQA 15 mark Question
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For the following question :
Explain possible reasons for an economy moving from a period of prosperity to one of recession.
I explained these points:
1. Supply-side shock
2. Raise in interest rates
3. Contractionary Fiscal policy
The supply side shock is in the mark scheme, but higher interest rates and contractionary fiscal policy are not as separate points, would they still be right as the mark scheme still does mention that other valid points are accepted?
Explain possible reasons for an economy moving from a period of prosperity to one of recession.
I explained these points:
1. Supply-side shock
2. Raise in interest rates
3. Contractionary Fiscal policy
The supply side shock is in the mark scheme, but higher interest rates and contractionary fiscal policy are not as separate points, would they still be right as the mark scheme still does mention that other valid points are accepted?
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