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2.3 How the government manages the economy

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Question 41

A bicycle retailer finds that more customers are using loans to buy its products after a change in monetary policy.

Which change is most likely to explain the increase in customers using loans?

[1]
A

The base rate increased, making borrowing cheaper

B

The base rate increased, making saving less rewarding

C

The base rate decreased, making saving more rewarding

D

The base rate decreased, making borrowing cheaper

Markscheme

2.3 How the government manages the economy Questions

  1. GCSE
  2. /Economics
  3. /2.3 How the government manages the economy

104 exam-style questions on AQA GCSE Economics 2.3 How the government manages the economy, covering 2.3.1a Fiscal policy and income and expenditure, 2.3.1b Fiscal policy and government objectives, 2.3.1c The government budget, 2.3.2a The meaning of monetary policy, 2.3.2b Uses of monetary policy, 2.3.3a Supply-side policies and their trade-offs, 2.3.3b Using supply-side policies, and 2.3.4 Policies to correct positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.

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