Economics (AS & A Level) · May / June 2021 · Paper 13 · Question 22

A sudden rise in the price of imported oil caused the annual rate of inflation in a given period to be higher than expected. What might be a likely result of this?

1. ABorrowers would gain.
2. BReal wages would rise.
3. CThe balance of trade would improve.
4. DUnemployment would fall.

As printed in the paper