2.3.2 Short-run AS

Question 1

Global maritime shipping container freight rates, as measured by key industry indices, rose from under $1,000 per FEU (forty-foot equivalent unit) in early 2020 to a peak of over $10,000 per FEU in late 2021.

Evaluate the likely macroeconomic consequences for an open economy of a significant and sustained increase in global maritime freight costs.

[25]

2.3.2 Short-run AS

1 2

Question 1

Global maritime shipping container freight rates, as measured by key industry indices, rose from under $1,000 per FEU (forty-foot equivalent unit) in early 2020 to a peak of over $10,000 per FEU in late 2021.

Evaluate the likely macroeconomic consequences for an open economy of a significant and sustained increase in global maritime freight costs.

[25]

2.3.2 Short-run AS

Question 1

Markscheme

2.3.2 Short-run AS

Question 1

Markscheme

2.3.2 Short-run AS

Question 1

2.3.2 Short-run AS Questions

2.3.2 Short-run AS

Question 1

2.3.2 Short-run AS Questions