: Pearson Edexcel past-paper questions pack
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Aggregate supply

Past-paper questions pack

Name
Class
Date set
Date due
Score/ 133

Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 19 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · AS Paper 2 · Q4(b) · 2 marks · AO2=2
(b) Annotate the aggregate demand (AD) and short-run aggregate supply (SRAS) diagram below to show the likely impact of a reduction in indirect tax on the equilibrium level of real output and the price level. (2) Price level SRAS P1 AD Y1 Real output
2. June 2025 · Paper 2 · Q6(b) · 8 marks · AO1=2,AO2=2,AO3=2,AO4=2
(b) With reference to Extract A, examine two factors influencing the short‑run aggregate supply of the German economy. (8)
3. June 2024 · AS Paper 2 · Q6(d) · 5 marks · AO1=1,AO2=2,AO3=2
(d) Explain one reason why ‘the fall in the exchange rate of the British pound’ (Extract A, line 21) is likely to increase inflation. (5)
4. November 2021 · Paper 2 · Q2(a) · 1 marks ·
(a) Which one of the following diagrams illustrates the impact of an increase in net exports along a Keynesian long-run aggregate supply curve? (1) B A AS AS Price Price level level P1 P1 P AD1 P AD1 AD AD Y Y Y1 Real output Real output D C AS AS Price Price level level P P P1 AD P1 AD AD1 AD1 Y Y1 Y Real output Real output A B C D
5. November 2021 · Paper 2 · Q2(b) · 2 marks · AO1=1,AO3=1
(b) Using the classical long-run aggregate supply curve, explain what will happen in the long run to real output if aggregate demand increases. (2)
6. November 2021 · Paper 2 · Q4(a) · 4 marks · AO1=2,AO2=1,AO3=1
(a) Explain one likely impact of this project on aggregate supply in the UK. (4)
7. October 2020 · AS Paper 2 · Q2(a) · 1 marks · AO1=1
(a) Illustrate the shape of the Classical long-run aggregate supply (AS) curve on the diagram below. (1)
8. October 2020 · AS Paper 2 · Q2(b) · 2 marks · AO1=2
Price level 0 Real output (b) Explain the reason for the shape of the Classical long-run AS curve. (2)
9. October 2020 · Paper 2 · Q5(a) · 4 marks · AO1=2,AO2=2
(a) Draw an aggregate demand and aggregate supply diagram to show the likely impact of this new bridge on the price level and real output in the region. (4)
10. October 2020 · AS Paper 2 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6
(e) Discuss the factors that might explain why ‘the UK’s forecast long-term trend rate of growth was reduced’ (Extract B lines 9–10). (15)
11. October 2020 · Paper 3 · Q2(b) · 8 marks · AO1=2,AO2=2,AO3=2,AO4=2
(b) Apart from literacy and numeracy skills in young workers, examine one reason for the trend in productivity in the UK, over the period shown in Figure 4. (8)
12. October 2020 · Paper 3 · Q2(e) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
(e) Evaluate the microeconomic and macroeconomic effects of a decline in the literacy and numeracy skills of a country’s young workers. (25)
13. June 2019 · AS Paper 2 · Q2(a) · 1 marks · AO1=1
(a) Illustrate the shape of the Keynesian long-run AS curve on the diagram below. (1)
14. June 2019 · AS Paper 2 · Q2(c) · 1 marks ·
(c) Which one of the following is most likely to cause a movement along the AS curve? Changes in: (1) A competition policy B relative productivity C the cost of raw materials D the level of aggregate demand
15. June 2018 · AS Paper 2 · Q4(b) · 2 marks · AO2=2
(b) Annotate the diagram above to show the likely impact of a rise in the cost of raw materials on the UK’s equilibrium level of real output and price level. (2)
16. June 2018 · AS Paper 2 · Q4(c) · 1 marks ·
(c) Which one of the following factors is most likely to cause an increase in the long-run aggregate supply? (1) A Decrease in investment B Increase in relative productivity C Increase in the level of unemployment benefits D Reduced access to credit for consumers and businesses
17. June 2018 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
7 In 2016 the UK Chancellor of the Exchequer announced that the government would spend an extra £23 billion on innovation and infrastructure over the following five years. Evaluate the likely economic effects of this planned increase in government expenditure.
18. June 2017 · Paper 2 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
8 Global oil prices fell from a 2008 peak of $147 a barrel to $27 in 2016. Evaluate the likely macroeconomic consequences of a significant fall in global oil prices.
19. June 2016 · AS Paper 2 · Q5(b) · 1 marks ·
(b) Which one of the following is most likely to cause a rightward shift in the aggregate supply curve? (1) A A decrease in real output B A rise in price level C A fall in price level D An increase in productivity

Mark schemes

1. June 2025 · AS Paper 2 · Q4(b)
Mark scheme June 2025 Paper 2 Q4(b)
2. June 2025 · Paper 2 · Q6(b)
Mark scheme June 2025 Paper 2 Q6(b)
3. June 2024 · AS Paper 2 · Q6(d)
Mark scheme June 2024 Paper 2 Q6(d)
4. November 2021 · Paper 2 · Q2(a)
Mark scheme November 2021 Paper 2 Q2(a)
5. November 2021 · Paper 2 · Q2(b)
Mark scheme November 2021 Paper 2 Q2(b)
6. November 2021 · Paper 2 · Q4(a)
Mark scheme November 2021 Paper 2 Q4(a)
7. October 2020 · AS Paper 2 · Q2(a)
Mark scheme October 2020 Paper 2 Q2(a)
8. October 2020 · AS Paper 2 · Q2(b)
Mark scheme October 2020 Paper 2 Q2(b)
9. October 2020 · Paper 2 · Q5(a)
Mark scheme October 2020 Paper 2 Q5(a)
10. October 2020 · AS Paper 2 · Q6(e)
Mark scheme October 2020 Paper 2 Q6(e)
11. October 2020 · Paper 3 · Q2(b)
Mark scheme October 2020 Paper 3 Q2(b)
12. October 2020 · Paper 3 · Q2(e)
Mark scheme October 2020 Paper 3 Q2(e)
13. June 2019 · AS Paper 2 · Q2(a)
Mark scheme June 2019 Paper 2 Q2(a)
14. June 2019 · AS Paper 2 · Q2(c)
Mark scheme June 2019 Paper 2 Q2(c)
15. June 2018 · AS Paper 2 · Q4(b)
Mark scheme June 2018 Paper 2 Q4(b)
16. June 2018 · AS Paper 2 · Q4(c)
Mark scheme June 2018 Paper 2 Q4(c)
17. June 2018 · Paper 2 · Q7
Mark scheme June 2018 Paper 2 Q7
18. June 2017 · Paper 2 · Q8
Mark scheme June 2017 Paper 2 Q8
19. June 2016 · AS Paper 2 · Q5(b)
Mark scheme June 2016 Paper 2 Q5(b)