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Economics (AS & A Level) · Oct / Nov 2021 · Paper 13 · Question 4

9708Economic methodology

Which statement is a positive statement?

  1. ALow inflation is preferable to low unemployment as a government aim.
  2. BLow inflation will provide a more stable macro economy.
  3. CThe government must intervene in all markets to improve resource allocation.
  4. DThe government should cut income tax so living standards can improve.

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Correct answer: B. Low inflation will provide a more stable macro economy.

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