AQA Economics Year 1 - Macroeconomics (2)

Quiz
•
Social Studies
•
10th - 12th Grade
•
Hard
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
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
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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