Every piece of knowledge, every analysis chain and every evaluation point that the 30 Unit 5 Paper 2 essay questions in the bank (2020–2025) ask for. Tick an item only when you can explain it from memory, out loud or on paper, without looking.
清单条目使用英文，也就是考试作答所用的语言。标题、按钮和说明仍为中文。
0 / 138ticked
How to use this checklist
Cover the page and try each item out loud or on paper. Tick it only when you got it right without looking.
Items with a diagram: draw it yourself first, then open it to compare.
Use the 'Asked in' links to open the real questions that need an item, and write one of them.
Work on the items you cannot tick first. 'Hide ticked' shows only those.
Before a test, print the checklist and go through it again on paper.
No essay in the bank is set on 5.1 directly. You still need it: every Unit 5 essay judges a policy by how well it meets these objectives, and the conflicts between them are where much of the evaluation comes from.
9708/22/M/J/25(b) Assess the extent to which using fiscal policy would be the best way to reduce a high rate of inflation.[12]
9708/21/M/J/25(b) Assess whether expansionary fiscal policy always benefits an economy.[12]
9708/22/F/M/25(a) With the help of a AD/AS diagram, explain what is meant by an expansionary fiscal policy and consider the extent to which an expansionary fiscal policy will always increase the level of aggregate demand.[8]
9708/21/O/N/24(b) Assess whether a government should always aim for an expansionary fiscal policy rather than a contractionary fiscal policy.[12]
9708/21/M/J/24The Chinese government has re-emphasised its commitment to rebalancing the economy from one focused mainly on investment and exports to one aiming to increase the proportion spent on domestic consumption. b) Assess the extent to which it would be possible to achieve this by fiscal policy alone.[12]
9708/22/O/N/24(b) Assess whether the achievement of a balanced budget should always be a main government macroeconomic objective.[12]
9708/21/O/N/23b) Assess whether a government should always aim to balance its budget rather than have a budget surplus or a budget deficit.[12]
9708/23/O/N/22b) Discuss whether an increase in direct taxes or an increase in interest rates is the more effective way of reducing inflation.[12]
9708/22/F/M/22b) Discuss the ways in which fiscal policy can be used to increase the aggregate supply of products in an economy and consider whether this approach is likely to be effective.[12]
9708/22/F/M/20b) Discuss the view that direct taxes are the fairest and the most effective way for governments to raise revenue.[12]
9708/21/M/J/24b) Assess which expansionary macroeconomic policy would be most likely to enable a government to meet its economic objective of a low rate of unemployment.[12]
9708/23/M/J/23(a) Explain how monetary policy may be able to reduce the rate of inflation in an economy and consider the likely success of this policy.[8]
9708/22/O/N/22In many economies, the use of cash is declining as people use contactless payments that transfer funds directly between bank deposits. a) Discuss whether an expansionary monetary policy will be successful in correcting deflation.[12]
9708/23/M/J/22b) Discuss whether a contractionary monetary policy is the best way to reduce the rate of inflation.[12]
9708/23/O/N/21b) Discuss whether a policy of increasing interest rates is the best way of controlling a rising rate of inflation in an economy.[12]
9708/22/M/J/21b) Discuss whether a government should use monetary policy or fiscal policy to solve the problem of deflation in an economy.[12]
9708/23/M/J/20The annual rate of inflation in an economy increased sharply and unexpectedly. b) Discuss whether a substantial rise in interest rates is the best way of correcting this increased rate of inflation.[12]
9708/22/F/M/20b) Discuss whether monetary policy measures are always effective in correcting a high rate of inflation.[12]
One essay filed here, on a water shortage, is about a single market rather than the whole economy: its policies work on demand as well as supply, and its items come last in each group.
The 12 past-paper questions on this section
9708/24/M/J/25(a) Explain why expenditure on education and training is a supply-side policy and consider why its impact on the general price level may differ between the short run and the long run.[8]
9708/22/F/M/25(b) Assess the extent to which supply-side policy is the best method to reduce the rate of inflation.[12]
9708/23/O/N/25(b) Assess whether supply-side policy or demand-side policy is the better way of reducing this inflation.[12]
9708/24/O/N/25(b) Low unemployment is a macroeconomic policy objective for a government. Assess the extent to which this is most likely to be achieved by supply-side policy.[12]
9708/22/O/N/24(b) Assess whether supply-side policy is likely to be equally successful in reducing both structural and cyclical unemployment.[12]
9708/22/M/J/24(b) Assess whether supply-side policy is the most effective way to achieve long-run economic growth.[12]
9708/23/O/N/23(b) Assess whether supply-side policy is the only way of reducing long-term unemployment in an economy.[12]
9708/22/F/M/23(b) Assess whether supply-side policies are the most effective way to correct a deficit on the current account of the balance of payments of an economy.[12]
9708/22/O/N/22(b) Discuss the difficulties that might be encountered when adopting supply side policies to expand the productive capacity of an economy and consider whether these difficulties can be overcome.[12]
9708/21/O/N/22(b) Discuss whether supply side policies will be successful in increasing the quantity and quality of the factor enterprise in a modern economy.[12]
9708/23/O/N/20(b) Discuss the extent to which a supply-side policy involving new road schemes and new training schemes will increase the rate of inflation in the economy.[12]
9708/22/M/J/20In summer 2018, many countries suffered a water shortage because of a long spell of very dry weather. (b) Consider the short-term and long-term policies that could be adopted to deal with a water shortage in an economy and discuss whether these are likely to be successful.[12]
These work in every section. Most evaluation marks in Unit 5 come from comparing a policy with an alternative and applying one of these moves to the economy in the question.
Model chains and evaluation points for each item are being added. Until then, check yourself against the chapter notes and the mark scheme for each question.
This is a free, unofficial Cambridge 9708 Economics revision resource and is not affiliated with Cambridge Assessment International Education.