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# Evaluate the microeconomic and macroeconomic effects of high interest rates in Ghana, or another developing country of your choice
- URL: https://www.a-level-economics-tutor.com/evaluate-the-microeconomic-and-macroeconomic-effects-of-high-interest-rates-in-ghana-or-another-developing-country-of-your-choice/
- Published: 2026-06-01T09:04:24.000Z
- Updated: 2026-06-01T09:04:24.000Z
- Author: Jaisul Naik
- Tags: Edexcel 25 Mark Question

### [Edexcel A-Level Economics Paper 3 June 2024 Insert](https://storage.ghost.io/c/ed/77/ed776ea5-c32f-46bf-aa49-8f19b6cd7ac4/content/files/2025/10/INSERT---June-2024-Paper-3.pdf?ref=tootingtutors.co.uk)

Evaluate the microeconomic and macroeconomic effects of high interest rates in Ghana, or another developing country of your choice. (25 marks)

**Plan**

- **Paragraph 1**
  - **Argument: one microeconomic effect of higher interest rates is an increase in costs for firms**
  - **Diagram: increase in costs for firms**
  - **Evaluation: businesses without loans would be unaffected**
- **Paragraph 2**
  - **Argument: one macroeconomic effect of high interest rates is slower economic growth**
  - **Diagram: decrease in AD**
  - **Evaluation: depends on the state of the economy**

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