DP Economics
Question 18M.3.HL.TZ0.c
| Date | May 2018 | Marks available | [Maximum mark: 1] | Reference code | 18M.3.HL.TZ0.c |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Draw, Label | Question number | c | Adapted from | N/A |
c.
[Maximum mark: 1]
18M.3.HL.TZ0.c
The following information in parts (a) to (d) refers to the economy of Country Alpha.
Table 1
The graph below shows the short-run Phillips curve (SRPC) for Country Alpha.
The natural rate of unemployment in Country Alpha is 5 %.
On the diagram draw and label the long-run Phillips curve (LRPC).
[1]
Markscheme
A correctly drawn LRPC earns [1].
