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  • Hello Mr Johnson, shouldn't in question (f) be the range "between 2015 and 2023 (Table 2)"? Thanks
  • 28 May 2024
    Mark Johnson
    Sample 1
    Congyu, I think you might be confusing paper two (15-mark response) with the paper three (10-mark response), which asks for a policy response. In this case the question does say 'evaluate the policies'. While a student could certainly score...
  • Maclyn examiners should not penalize a student that uses either LRAS/AS or a Keynesian/Monetarist LRAS curve providing that the explanation fits the diagram correctly.
  • 28 May 2024
    Mark Johnson
    Monetary policy
    It does when the mortgage in question is interest only and it illustrates the impact of a fairly small rise in interest rates, on an averagely priced house - that is the purpose of the exercise. In reality disposable income is also impacted...