Topic 2 - The Role of Government
- Created by: MissMc02
- Created on: 14-05-24 10:51
Other questions in this quiz
2. Which one of the following would NOT be used by the government to influence economic activity as part of its fiscal policy ? (2.2)
- Interest rates
- Spending
- Taxation
- Borrowing
3. Statutory Sick Pay (SSP) is paid to employees who are off work due to sickness or disability. The benefit is payable for a maximum of: (2.7)
- 12 weeks
- 4 weeks
- 28 weeks
- 26 weeks
4. During a period of deflation, prices tend to: (2.5)
- fall dramatically only for identified industries.
- fall significantly across the entire economy.
- rise, but at a slower rate than previously.
- rise and fall in line with average earnings.
5. Economic theory states that the money supply should increase only if: (2.4.2)
- the volume of goods and services decreases
- the volume of goods and services also increases
- the volume of just goods increases
- the volume of just services increases
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