Sample 1

IB Economics: Sample 1

This is the first sample for this question, on macroeconomics. The question and mark scheme were written by myself based on the new syllabus.(a) Explain the difference between demand-deficient (cyclical) unemployment. [10 marks]Unemployment of labor refers to people of working age that are able to work and are actively searching for a job, but who are not employed. Structural unemployment is unemployment that occurs...

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