Macroeconomics

Table of Contents

1. Topic pack - Macroeconomics - introduction
2. 2.1 The level of overall economic activity (notes)
3. 2.1 The level of overall economic activity (questions)
4. Section 2.2 Aggregate demand and supply (notes)
5. Section 2.2 Aggregate demand and supply (simulations and activities)
6. 2.2 Aggregate Demand and Aggregate Supply (questions)
7. 2.3 Macroeconomic objectives (notes)
8. Low Unemployment
9. 2.3 Macroeconomic objectives (questions)
10. 2.4 Fiscal policy (notes)
11. 2.4 Fiscal policy (questions)
12. 2.5 Monetary policy (notes)
13. 2.5 Monetary Policy (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
14. Section 2.6 Supply-side policies (notes)
15. 2.6 Supply-side policies (questions)
16. Print View

2.5 Monetary Policy (questions)

Past Paper Essay Question

May 2011 TZ1

2. During the global financial crisis of 2008–2009, there was a fall in consumer spending in many countries.

    (a) Explain the factors which might be responsible for causing consumer spending to fall. [10 marks]

    (b) Evaluate the possible consequences of falling consumer spending for a country’s macroeconomic performance.         [15 marks]

In this section are a series of questions on the topic - monetary policy. The questions may include various types of questions. For example:

• Short-answer questions - a series of short-answer questions to help you check your understanding of the topic
• Case studies - questions based around a variety of information
• Long answer - questions requiring an extended/essay type response
• Data response - responding to data or topical economics news articles

Click on the right arrow at the top or bottom of the page to work through the questions.