IB skill practice

Evaluate fiscal policy

Economics SL macroeconomics skill with original exam-style diagram, data-response, and policy-evaluation seeds.

Paper 1, Paper 2 5 marks Difficulty 3

Explain expansionary fiscal policy

A budget extract in a New Zealand inflation report says the government increases infrastructure spending during a downturn. Explain the likely macroeconomic effect. Enter the answer and choose the interpretation that best matches the macroeconomic evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.