To combat rapid overheating in the domestic economy, the Bank of England raised its bank rate from 0.75% to 3.00%.
Explain one likely impact of an increase in the official interest rate on the rate of inflation.
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Markscheme
2.6.2 Demand-side policies Questions
22 exam-style questions on Edexcel A A Level Economics 2.6.2 Demand-side policies. Each one has a worked solution and a mark scheme showing where the marks go.