DP Economics
Question 19N.3.HL.TZ0.g
| Date | November 2019 | Marks available | [Maximum mark: 2] | Reference code | 19N.3.HL.TZ0.g |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Outline | Question number | g | Adapted from | N/A |
g.
[Maximum mark: 2]
19N.3.HL.TZ0.g
The information in Table 1 refers to Country A (base year: 2011).
Table 1
The central bank of Country A aims to achieve price stability, defined as “inflation below but close to 2 % annually”.
Outline the meaning of the natural rate of unemployment, with reference to the long-run Phillips curve and types of unemployment.
[2]
Markscheme
NB A response that refers to the types of unemployment that are not cyclical may be rewarded.
