Unit 2 - The UK economy - performance and policies
Institution
PEARSON (PEARSON)
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Unit 2 - The UK economy - performance and policies
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UNIT ASSESSMENT
Edexcel A Level
Economics (A)
Unit Assessment
2.3 Aggregate Supply
(Edition 1)
Time: 70 minutes
Maximum marks: 50
Name
Centre Name
, Edexcel A Level Economics (A)
Unit Assessment – 2.3 Aggregate Supply
Section A
ANSWER ALL THE QUESTIONS
1a Which of the following would most likely cause a change in the AS curve?
A A positive wealth effect o
B A fall in consumer confidence o
C Crowding out from government investment o
D A decrease in the price of oil o
(1 mark)
1b Define the term ‘competition policy’.
(2 marks)
1c Which of the following would cause a movement along the AS curve?
A An increase in the minimum wage. o
B A fall in corporation tax. o
C A fall in productivity. o
D An increase in the price level. o
(1 mark)
1d State two factors that influence the long-run AS curve
(2 marks)
Page 2 Edexcel A Level Economics (A) Unit Assessment www.tutor2u.net/economics
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