A2 Macroeconomics

- Economic Growth

- Macroeconomic Indicators

- Unemployment

- Inflation

- Deflation

- Monetary Policy

- Fiscal Policy

- Supply Side Policy

- Globalisation

- Balance of Payments

- Exchange Rates

- European Union

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  • Created by: Kim
  • Created on: 19-06-10 13:14

1. Which of these is an example of a contractionary monetary policy?

  • Taxation increases
  • Productive capacity falls
  • Interest rates are increased
  • Exchange rates stay the same
  • Interest rates are decreased
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2. If there is an increase in taxation

  • There is a disincentive effect
  • The government is more likely to have a PSNCR
  • Spending increases
  • Government spending increases

3. If inflation falls out of its target range

  • The governor of the Bank of England must write a letter of explanation to the Chancellor
  • The European Central Bank intervenes
  • Consumer expectations are negative
  • A new target is set
  • There is increased wage bargaining

4. Which of these is an argument for protectionism?

  • Economies of Scale
  • Comparative Advantage
  • Negative Externalities
  • Preference by the World Trade Organisation
  • Retaliation

5. Long term capital flows occur

  • For longer than ten years
  • For 25 years or more
  • For longer than a year
  • When the flows are not for speculative purposes
  • For between 6 months and a year
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