All other things being equal, a substantial cut in the central bank's policy interest rate in the short run is most likely to reduce
the rate of inflation.
the level of unemployment.
the volume of imports.
the level of household debt.
176 exam-style questions on AQA A Level Economics 2.4 Financial markets and monetary policy (A-level only), covering 2.4.1 The structure of financial markets and financial assets, 2.4.2 Commercial banks and investment banks, 2.4.3 Central banks and monetary policy, and 2.4.4 The regulation of the financial system. Each one has a worked solution and a mark scheme showing where the marks go.