Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics OCR
  3. Question bank

Implementing policy

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657
Question 21

The table below shows the central bank interest rates in four countries in 2023 and 2024.

AethelgardBregolandCairnhavenDarnassus
2023 rate of interest5.5%2.0%1.25%4.5%
2024 rate of interest3.75%4.25%3.5%2.75%

Which of the following would best explain the possible macroeconomic aims of the changes in monetary policy that occurred between 2023 and 2024?

Aethelgard was trying to encourage domestic saving; Bregoland was trying to stimulate domestic consumption.

Aethelgard was trying to stimulate domestic consumption; Cairnhaven was trying to dampen inflationary pressures.

Bregoland was trying to encourage business investment; Darnassus was trying to reduce inflationary pressures.

Cairnhaven was trying to stimulate economic growth; Darnassus was trying to encourage household saving.

Implementing policy Questions

  1. A Level
  2. /Economics
  3. /Implementing policy