Economics (AS & A Level) Paper 23
May / June 2021·9708·3 questions
Mock exam: 90 min, official timing
Question paper
Question 1
Question 3
Question 4
Mark scheme
Question 1
1(a)(i)[2]
1(a)(ii)[2]
1(b)[2]
1(c)[2]
1(d)[6]
1(e)[6]
Question 3
3(a)(i)
the short run, and
3(a)(ii)[8]
the long run. For explanation of aggregate supply e.g. total output in an economy (1 mark) that distinguishes between short run and long run (1 mark) (up to 2 marks) Identify a reason (1 mark) plus up to 2 marks for an explanation of why this causes the SRAS to move outwards. (up to 3 marks) Identify a reason (1 mark) plus up to 2 marks for an explanation of why this causes the LRAS to move (up to 3 marks) 8 A shift outwards of the AS curve can be due to – an increase in the supply of labour – net investment – other factor inputs – devaluation of the exchange rate – government regulations – discovery of new resources – better education and training – advances in technology
3(b)[12]
Question 4
4(a)[8]
4(b)[12]