Which one of the following would be most likely to lead to long-run economic growth without causing any upward pressure on the price level?
A significant increase in household consumption
An increase in investment in research and development (R&D)
A rise in the central bank's base interest rate
An increase in the rate of value-added tax (VAT)
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.