plumiMonetary policy: OCR GCSE Economics questions
Every OCR GCSE Economics exam question on 3.6 Monetary policy, 2021–2025, with its mark scheme and examiner’s report.
Paper
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Exam
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Calculations
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Q23(c)
The whole paper ↗0 wordsQ23(d)(i)
The whole paper ↗0 wordsQ23(d)(ii)
The whole paper ↗0 words- Your answer
Q22(d)(i)
The whole paper ↗0 wordsQ22(d)(ii)
The whole paper ↗0 wordsQ22(d)(iii)
The whole paper ↗0 wordsQ21(c)
The whole paper ↗0 words- Your answer
- Your answer
- Your answer
All 13 questions on Monetary policy, as a list
- June 2025, Paper 2, Q4 (1 mark): How might an increase in interest rates affect the economy? A Decrease unemployment B Improve price stability C Increase economic growth D Increase inflation [1
- June 2025, Paper 2, Q7 (1 mark): The UK government sets an inflation target. What might happen if inflation is above this target? Interest rates will: A decrease to discourage saving B decrease
- June 2024, Paper 2, Q23(c) (6 marks): Using the information in Extract 3, analyse how a cut in interest rates can affect UK economic growth. [6]
- June 2024, Paper 2, Q23(d)(i) (2 marks): Other than economic growth, state two economic objectives that monetary policy can achieve. 1 2 [2]
- June 2024, Paper 2, Q23(d)(ii) (2 marks): Explain how higher interest rates in the UK may lead to the international value of the pound increasing. [2]
- June 2023, Paper 2, Q11 (1 mark): The Bank of England has used a policy of quantitative easing as part of monetary policy since 2009. How may quantitative easing affect the economy? A The money
- June 2023, Paper 2, Q22(d)(i) (2 marks): State and briefly explain the impact of higher interest rates on firms’ investment expenditure. [2]
- June 2023, Paper 2, Q22(d)(ii) (2 marks): Explain how higher interest rates affect a household’s decision when deciding to buy a house. [2]
- June 2023, Paper 2, Q22(d)(iii) (6 marks): (iii)* Evaluate the impact of higher interest rates on UK households, other than those buying a house. Use the information given in Extract 2 and your own knowl
- June 2022, Paper 2, Q21(c) (6 marks): Using the information in Extract 1 on page 9, analyse how monetary policy was used in Chile in 2014 to protect savers and consumers. [6]
- November 2021, Paper 2, Q17 (1 mark): Monetary policy is most likely to affect A real output and indirect taxes B the price level and indirect taxes C the price level and real output D the price lev
- November 2021, Paper 2, Q18 (1 mark): The central bank decides to increase quantitative easing. The most likely effect on investment is that it would A decrease B fall at first and then increase C i
- November 2021, Paper 2, Q20 (1 mark): Which pair of events is most likely to happen as a result of a rise in the rate of interest? A Asset prices fall and savings by households rise B Borrowing by f
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