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2.2 Aggregate demand (AD)

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Question 21

Bank of England (BoE) official bank rate, 2007–2009

PeriodOfficial Bank Rate (%)
2007 (Jul)5.75
2007 (Dec)5.50
2008 (Apr)5.00
2008 (Oct)4.50
2008 (Nov)3.00
2009 (Jan)1.50
2009 (Mar)0.50

With reference to the table above, explain the likely impact of a reduction in the official bank rate on UK business investment.

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2.2 Aggregate demand (AD) Questions

  1. A Level
  2. /Economics
  3. /2.2 Aggregate demand (AD)