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3.6 Monetary policy

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Question 10

Consumer spending is growing faster than the economy's capacity to supply goods and services. CPI inflation is 4.5% and is forecast to remain above 2%. Economic growth is 3%. Few households have debt, while firms expect strong demand for their output.

Evaluate the case for the Monetary Policy Committee raising Bank Rate.

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Markscheme

3.6 Monetary policy Questions

  1. GCSE
  2. /Economics
  3. /3.6 Monetary policy

116 exam-style questions on OCR GCSE Economics 3.6 Monetary policy, covering 3.6.1 What is monetary policy, 3.6.2 Monetary policy and macro objectives, and 3.6.3 Effects of monetary policy. Each one has a worked solution and a mark scheme showing where the marks go.

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