A-level Paper 2, June 2023The National and Global Economy
A-level Paper 2, June 2023, Q1(b)
Which one of the following is the most likely impact of an increase in the base interest rate?
Multiple choice1 mark
Context
In September 2022 the Bank of England increased the base interest rate from 1.75% to 2.25%.
Alevel of demand pull inflation
Bmarginal propensity to save
Crate of cyclical unemployment
Dvalue of the pound against the dollar
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