* not completed

. Which of the following is not usually a macro-economic objective?

More inequality correct incorrect

Higher GDP correct incorrect

Lower inflation correct incorrect

Lower unemployment correct incorrect

* not completed

. Expansionist policies might include:

Lower interest rates correct incorrect

Higher income tax correct incorrect

Lower government spending correct incorrect

A lower budget deficit correct incorrect

* not completed

. If aggregate supply is price inelastic an increase in demand mainly affects:

output correct incorrect

employment correct incorrect

production correct incorrect

prices correct incorrect

* not completed

. An increase in aggregate supply should reduce:

prices correct incorrect

jobs correct incorrect

output correct incorrect

employment correct incorrect

* not completed

. Which of the following is not an example of fiscal policy?

A reduction in income tax correct incorrect

An increase in corporation tax correct incorrect

A reduction in government spending correct incorrect

Higher interest rates correct incorrect

* not completed

. An increase in national income should automatically:

Decrease income tax revenue correct incorrect

Decrease corporation tax revenue correct incorrect

Decrease interest rates correct incorrect

Decrease the budget deficit correct incorrect

* not completed

. Austerity measures were aimed at reducing:

inflation correct incorrect

a balance of payments surplus correct incorrect

employment correct incorrect

the budget deficit
correct incorrect

* not completed

. Which of the following is an example of monetary policy:

Higher government spending correct incorrect

Lower interest rates correct incorrect

Lower income tax correct incorrect

Lower budget deficit correct incorrect

* not completed

. The objective of the Monetary Policy Committee is to control:

unemployment correct incorrect

inflation correct incorrect

economic growth correct incorrect

trade correct incorrect

* not completed

. Quantitative easing...

places a tax on foreign goods correct incorrect

limits the number of foreign products sold in a country correct incorrect

involves purchasing assets using central bank money correct incorrect

involves increasing the quantity of tax in a country correct incorrect