‘To prevent the economy from overheating, policymakers must find ways to temper rapid expansions, particularly when driven by speculative investment and high levels of credit.’
Explain four features of an economic boom.
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.