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Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 23

9708Government macroeconomic policy objectives

When can a policy be classified as macroeconomic?

  1. Awhen it focuses on the level of individual welfare
  2. Bwhen it involves economy-wide institutions and behaviour
  3. Cwhen it is based on the control of monopoly markets
  4. Dwhen it relies on the use of buffer stock schemes

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Correct answer: B. when it involves economy-wide institutions and behaviour

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