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macroeconomics basics

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

macroeconomics is the study of the (a)   economy

2.

when GDp is 5% +, ue is 4% , CP is 8% and interest rates > 8 % the economy is in a

(a)  

3.

inflation hurts those on low incomes and savers because it decreases their

(a)  

4.

in a boom , the two major macro economic priorities of the government's economic policy are .................... and ...........................

(a)  

5.

the most common type of inflation caused by high levels of confidence and speculation is

(a)  

6.

inflation is defined as a ......................... .......................... ...... ....... ......................... ... .................

(a)  

7.

the best type of policy for dealing with demand pull inflation is

(a)  

8.

demand inflation is best dealt with by this policy because it results in a decrease in ............... and ................

(a)  

9.

when increased costs of production cause inflation this is

(a)  

10.

cost push inflation is best dealt with by using .................. ................policy

(a)  

11.

this leads to a ........................... in the .................... .................. which leads to a rise in the interest rate and decreased AD

(a)  

12.

this policies work in theory but often they fail because consumers and businesses keep spending to beat ................ ............ ....................

(a)  

13.

demand side policies to fight inflation can lead to a (a)   of macroeconomic objectives

14.

this conflict can be shown using a ............. curve , where a fall in inflation can lead to higher ..........

(a)  

15.

fighting inflation is best solved using ................... ............. policies

(a)  

16.

these policies are designed to increase ................... and ....................

(a)  

17.

....................economic policy is less effective against inflation because governments are reluctant to increase .....

(a)  

18.

inflation is a major problem for governments because once it starts , it is

(a)  

19.

inflation causes a down turn because the higher prices make exports more ................. and imports .................., and AD decreases

(a)  

20.

in this simple essay outline - what is missing - economic

(a)