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Q 1/12
Score 0
Which one of the following will be most effective in reducing inflation in the short run when the economy is operating at full employment?
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Reducing imports
Increasing investment
Increasing savings
Reducing taxes on income
Q 2/12
Score 0
The type of unemployment caused by insufficient aggregate demand is
45
structural
cyclical
seasonal
frictional
12 questions
Q.
Which one of the following will be most effective in reducing inflation in the short run when the economy is operating at full employment?
1
45 sec
2.1.2
Q.
The type of unemployment caused by insufficient aggregate demand is
2
45 sec
2.1.3
Q.
All other things being equal, if inflation in the UK economy falls from 3% to 1%, it can be concluded that
3
45 sec
2.1.2
Q.
Deflation is most likely to
4
45 sec
2.1.2
Q.
Which one of the following is most likely to contribute to an increase in inflation in an economy?
5
45 sec
2.1.2
Q.
Deflation is
6
45 sec
2.1.2
Q.
Which one of the following types of unemployment is best defined as ‘unemployment for short lengths of time between jobs’?
7
45 sec
2.1.3
Q.
If the world economy goes into recession, this is likely to increase unemployment in the UK because
8
45 sec
2.1.3
Q.
Which one of the following is most likely to be deflationary? A reduction in
9
45 sec
2.1.2
Q.
The Consumer Prices Index (CPI) is a measure of changes in the
10
45 sec
2.1.2
Q.
All other things being equal, a depreciation of the exchange rate is likely to do what to the inflationary pressures
11
45 sec
2.1.2
Q.
An economy had nominal GDP growth of 8% last year, inflation of 5.5% and population growth of 2.5%. The approximate percentage change in real GDP per capita was
