AQA A-Level Economics Paper 1 June 2024

What is demand? * demand is the number of goods and services that people are willing and able to buy at each price What is the relationship between price and demand? * downward sloping (inverse

* quantitative easing is when * the central bank creates money electronically * the central bank uses this to buy back government bonds from commercial banks * banks willing and able to lend more money * money supply

In order to reduce negative externalities in production, such as when the production of goods and services cause pollution (CO2 emissions), the government can begin by researching the size of the market failure,