National Fiscal and Monetary Policy - Lecture 4

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

  • 4 months
  • 3 months
  • 1 month
  • 2 months
1 of 9

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

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

3. When was the Bank Of England Established?

  • 1964
  • 1965
  • 1963
  • 1967

4. What is the definition of 'Fiscal Policy'?

  • Changing the level of money supply and tax.
  • Changing the level of government spending and tax.
  • Changing the level of government spending as interest rates.
  • Changing the level of money supply and interest rates.

5. Deflation can be due to:

  • High economy growth.
  • Hyperinflation.
  • Increased competition, Technological Advancements, Supply outweighing Demand.
  • Increased competition, Technological Advancements, Demand outweighing Supply.

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