Sample 3

IB Economics: Sample 3

This is the third sample for this question, on macroeconomics. The question and mark scheme were written by myself for the new syllabus.(a) Explain the difference between demand-deficient (cyclical) and structural unemployment. [10 marks]Unemployment can be defined as the number of people, willing and able to work, without paid employment. This is sometimes expressed as a %. Two of the types of unemployment include...

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