DP Economics
Question 21M.3.HL.TZ0.2f.ii
| Date | May 2021 | Marks available | [Maximum mark: 2] | Reference code | 21M.3.HL.TZ0.2f.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Outline | Question number | f.ii | Adapted from | N/A |
f.ii.
[Maximum mark: 2]
21M.3.HL.TZ0.2f.ii
Table 4 provides data relating to Country Y.
Table 4
(f.ii)
Outline how the data for the period 2016 to 2018 may reflect a change in the short-run Phillips curve for Country Y.
[2]
Markscheme
Examiners report
The majority of candidates were able to identify that the traditional Phillips curve relationship had broken down and that this may be reflected by an outward shift of the curve. Lower-achieving responses explained incorrectly that the breakdown of the relationship signified a move to the long-run Phillips curve.
