Evaluate the microeconomic and macroeconomic effects of high interest rates in Ghana, or another developing country of your choice
Edexcel A-Level Economics Paper 3 June 2024 Insert
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
A-Level Economics Tutoring
I offer one-to-one and small group A-Level Economics tutoring for students across the UK and internationally. With 87+ five-star Google reviews and tutoring experience since 2017, I specialise in helping students understand difficult concepts and improve their exam technique.