Which one of the following is most likely to increase if the growth rate of aggregate demand is slower than the trend rate of growth of the economy's productive potential?
Spare capacity
Rate of inflation
Government tax revenues
Central bank interest rates
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.