Macroeconomic Factors (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the Consumer Price Index (CPI) track in the UK?
What does the Consumer Price Index (CPI) track in the UK?
Price changes for typical household goods
Demand-pull inflation occurs when there is:
Demand-pull inflation occurs when there is:
Excessive demand exceeding supply
How does cost-push inflation typically affect profit margins?
How does cost-push inflation typically affect profit margins?
Squeezes margins if costs aren't passed on
What is a wage-price spiral?
What is a wage-price spiral?
Workers demand higher wages, firms raise prices, creating a cycle
How does high UK inflation affect exports?
How does high UK inflation affect exports?
Makes exports expensive & less competitive
What typically happens during deflation?
What typically happens during deflation?
Productivity falls & unemployment rises
When the pound is strong, what happens to UK exporters?
When the pound is strong, what happens to UK exporters?
Exports become expensive (bad news)
A weak pound is good news for which type of business?
A weak pound is good news for which type of business?
UK exporters
Convert €282 to pounds using exchange rate €1.41 = £1:
Convert €282 to pounds using exchange rate €1.41 = £1:
£200.00
What is the Bank of England's primary tool for managing inflation?
What is the Bank of England's primary tool for managing inflation?
Adjusting interest rates