Macroeconomic Policies (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many key macroeconomic policy objectives are identified?
How many key macroeconomic policy objectives are identified?
Seven objectives
Why is economic growth described as the most fundamental macroeconomic policy objective?
Why is economic growth described as the most fundamental macroeconomic policy objective?
Other objectives often depend on it
What does 'full employment' mean in economic terms?
What does 'full employment' mean in economic terms?
Factors of production fully employed
What initiates cost-push inflation?
What initiates cost-push inflation?
Increase in costs faced by firms
When does persistent inflation occur?
When does persistent inflation occur?
Money supply grows faster than output
Which cost of inflation involves firms frequently changing price lists?
Which cost of inflation involves firms frequently changing price lists?
Menu costs
What was the UK inflation target when measured by CPI from 2004?
What was the UK inflation target when measured by CPI from 2004?
2%
What does a sustained current account deficit mean for the UK?
What does a sustained current account deficit mean for the UK?
UK is effectively exporting assets
What percentage of GDP was UK public sector net debt by the end of 2021?
What percentage of GDP was UK public sector net debt by the end of 2021?
112.7%
What does 'horizontal equity' mean?
What does 'horizontal equity' mean?
Identical incomes for identical people