GCSE Economics AQA Unit 2

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  • Created by: Jemima
  • Created on: 15-05-12 10:44
How many government policy objectives are there?
4
1 of 9
What is the correct answer for the wrong answer in the previous question?
Maintaining full employment
2 of 9
What is a trade deficit?
Imports exceed exports
3 of 9
What are the 3 policies the government use?
Fiscal, Monetary, Supply-Side
4 of 9
What are the 3 things to do to reduce unemployment?
Budget surplus, raise interest rates, policies to increase output
5 of 9
What causes structural unemployment?
Long term unemployment, industry declining.
6 of 9
What is the unemployment called when capital takes over labour?
Technological
7 of 9
What is the wage price spiral?
As prices rise, workers and trade unions push for higher wages pushing costs up and leading to further inflation
8 of 9
What are the following costs of; menu costs, unemployment, shoe leather costs, labour market problems, income redistribution probles, balance of payments problems, danger of hyperinflation.
Inflation
9 of 9

Other cards in this set

Card 2

Front

What is the correct answer for the wrong answer in the previous question?

Back

Maintaining full employment

Card 3

Front

What is a trade deficit?

Back

Preview of the front of card 3

Card 4

Front

What are the 3 policies the government use?

Back

Preview of the front of card 4

Card 5

Front

What are the 3 things to do to reduce unemployment?

Back

Preview of the front of card 5
View more cards

Comments

Anna

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yessss 100%, really good quiz jem! :D

Jemima

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Anna Snape wrote:

yessss 100%, really good quiz jem! :D

hahahaa, woooooo thanks annna;D 

Jaaazzzyyy....x

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I gueuesed and got 80%!!!!

I dont study this but it was a good quiz!

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