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2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

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Question 17

Which one of the following is most likely to result in a demand-side shock to an economy?

A sharp rise in global agricultural commodity prices

A sudden, significant decline in real household wealth

An increase in the level of national insurance contributions paid by employers

A major interruption to international manufacturing supply chains

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Questions

  1. A Level
  2. /Economics
  3. /2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts