Sample 2

IB Economics: Sample 2

This is the second sample for this question, on macroeconomics. This question and markscheme were written by myself for the new syllabus.(a) Explain the difference between demand-deficient (cyclical) and structural unemployment. [10 marks][1] Structural unemployment is caused by changes in the economy, such as de-industrialisation, which leaves some unemployed workers unable to find work in new industries with different...

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