A-level Paper 2, June 2017The National and Global Economy

A-level Paper 2, June 2017, Q8

Evaluate the likely macroeconomic consequences of a significant fall in global oil prices.

EssayEvaluateOptional25 marks

Context

Global oil prices fell from a 2008 peak of $147 a barrel to $27 in 2016.

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Specification topics

Short-run ASInflationNet trade (X-M)

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