AQA Economics Year 1 - Macroeconomics (2)

AQA Economics Year 1 - Macroeconomics (2)

10th - 12th Grade

25 Qs

quiz-placeholder

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AQA Economics Year 1 - Macroeconomics (2)

AQA Economics Year 1 - Macroeconomics (2)

Assessment

Quiz

Social Studies

10th - 12th Grade

Hard

Created by

Ben Cox

Used 41+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All other things being equal, which one of the following is most likely to increase an economy’s underlying trend rate of growth? A rise in the rate of growth of...

inflation

household income

imports of consumer goods

labour productivity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

It can be concluded from the data above that, over the 4-year period,

the average price level has risen.

the purchasing power of money has increased.

assuming constant money incomes, real income has risen.

prices of goods and services have fallen.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A government aiming to increase aggregate demand through the use of monetary policy might increase the

rate of interest.

exchange rate

amount of money in circulation

level of government expenditure.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which one of the following is most likely to lead to an increase in spending on imports?

A fall in the exchange rate

A rise in unemployment

A rise in the rate of Value Added Tax (VAT)

A cut in income tax rates

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram shows two aggregate demand (AD) curves and the short-run aggregate supply (SRAS) curve for an economy. The shift in the aggregate demand curve from AD1 to AD2 could have been caused by a decrease in...

imports

labour productivity.

household savings.

the government budget deficit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All other things being equal, a large increase in interest rates in the UK is most likely to

decrease the size of the government budget deficit.

increase aggregate investment.

lead to an increase in bank lending.

decrease house prices.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which one of the following is an example of a contractionary fiscal policy designed to reduce inflationary pressures?

An increase in the government budget surplus

A reduction in the supply of money available to banks for lending purposes

Higher interest rates

A reduction in the exchange rate

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