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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 40

The global market price of industrial metals and raw materials falls by 30 per cent. Other things remaining equal, the short-run impact on an importing country's economy is most likely to be

an increase in aggregate demand and inflation.

stagflation and lower national output.

disinflation and higher national output.

higher unemployment and inflation.

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