Other questions in this quiz

2. Which of the following is an effect of lowering Interest rates?

  • Cheaper borrowing, meaning less incentive to save.
  • Expensive borrowing, meaning more incentive to save.
  • More expensive loans, meaning larger projects discouraged.
  • Improves external value of currency.

3. Which of the following are Economic Objectives?

  • Stable Prices, High Import Taxes, Low Exports, Low Employment, High taxation
  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A low level of inflation.
  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A high level of inflation.
  • Economic Growth, Stable Prices, Low Unemployment, Low Exports, A high level of inflation.

4. How many months does no economy growth have to surpass in order to be known as a Recession?

  • 3 months
  • 4 months
  • 2 months
  • 1 month

5. What is the Monetary Policy?

  • Controlling the government spending and tax.
  • Controlling the money supply and tax.
  • Controlling the money supply and interest rates.
  • Controlling the interest rates and tax.

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