Other questions in this quiz

2. Which of the following is a cause of Inflation?

  • Cheaper borrowing or tax cuts, leads to higher prices and wages.
  • Equal supply to demand.
  • Civil unrest.
  • Reduced costs of raw materials.

3. Deflation can be due to:

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

4. 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

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

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

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