CIE Economics paper 4

Thoughts on the paper this afternoon? Paper 41 in particular?

Not too bad of a paper, question 4 was a bit weird though. Thoughts ?

I thought the data response was quite nice, I wasn’t a fan of the Micro questions - I chose the takeover one, and I quite liked the macro questions - I chose the stagflation one, although I feel like I may have talked about the wrong thing for the stagflation question.
Which essays did you choose?

I did the indifference curve and stagflation ones, pretty sure I talked about both demand pull and cost push but I think it was more on the supply side rather than demand. Talked about altnernative policies such as monetary to prevent crowding out and any other effects. Did you have any idea what you were saying in it ?

I was mostly sure what I was saying but I thought it was tricky as it wanted you to talk about fiscal policy even though stagflation is mainly a supply side issue. I’m pretty sure I talked about the ineffectiveness of fiscal policy in reducing both inflation and the negative output gap, then I talked about how a combination of supply side policy and fiscal policy together may be beneficial long term. Not sure its its right though, I hope it is!