Search Header Logo

T2 Wk 5 - Macro Objectives

Authored by Mitchell Simpson

Other

12th Grade

Used 1+ times

T2 Wk 5 - Macro Objectives
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Outline the difference between disinflation and deflation

Disinflation is a decrease in the rate of inflation, but prices of goods and services are still increasing.

Deflation is a negative rate of inflation. Prices of goods and services are decreasing.

Disinflation is a negative rate of inflation. Prices of goods and services are decreasing.

Deflation is a decrease in the rate of inflation, but prices of goods and services are still increasing.

Disinflation is an acceleration in the inflation rate.

Deflation is a deceleration in the inflation rate.

Disinflation is prices of goods and services is decreasing but slower than the previous period.

Deflation is an increase in the prices of goods and services, but slower than the previous period.

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The two causes of inflation

Cost-Push (caused by costs of production increasing). SRAS shifts left.

Demand Pull (caused by an AD component increasing. AD shifts right).

Cost-Pull (caused by costs of production decreasing). SRAS shifts right.

Demand Push (caused by an AD component increasing. AD shifts right).

Cost-Pull (caused by costs of production increasing). SRAS shifts left.

Demand Pull (caused by an AD component decreasing. AD shifts left).

Cost-Push (caused by costs of production decreasing). SRAS shifts right.

Demand Push (caused by an AD component increasing. AD shifts left)

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Types of Unemployment

Structural - skills mismatch

Frictional - In between jobs and the labour force

Seasonal - labour demand fluctuates based on weather and time of year.

Cyclical - labour demand and economic activity.

Structural - In between jobs and the labour force

Frictional - labour demand fluctuates based on weather and time of year.

Seasonal - Profits and economic activity.

Cyclical -

Structural - labour demand and economic activity.

Frictional - skills mismatch

Seasonal - labour demand fluctuates based on weather and time of year.

Cyclical - Profits lower creating unemployment

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Business Cycle Phases

Expansion

Contraction

Downturn

Recovery

Boom

Inflationary Gap

Recessionary Gap

Full Employment

Peak

Trough

Downswing

Slowdown

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Analyse the following data

Downturn caused by a decrease in AD from 2021-2023

Cost Push Inflation, SRAS would shift left across 2021-2023

Economic Boom caused by AD increasing 2021-2023. Demand Pull Inflation

Recovery, AD decreases on the AD/AS model from 2021-2023

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?