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3.6 Monetary policy

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Question 60

CPI inflation is 1.4% and is forecast to remain below the 2% target for the next two years. Unemployment has risen, firms expect demand for their products to remain weak and many households' real wages are falling.

Evaluate whether the Monetary Policy Committee should cut 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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