CIE AS Topical Past Paper 2
4.3 Aggregate Demand and Aggregate Supply analysis
9708/23/M/J/24
a) With the help of a diagram, explain how increases in aggregate demand affect the level of real output and the price level in an economy and consider when such increases may become a problem. [8]
9708/23/M/J/21
a) Explain what is meant by aggregate supply and explain one reason why the aggregate supply curve of an economy would shift outwards in
(i) the short run, and
(ii) the long run. [8] [Sample answer]
9708/22/O/N/20
a) Explain how the factor of production enterprise contributes to aggregate supply in a modern economy and how it differs from the other factors of production in terms of the reward for its services. [8]