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)
   1. Macroeconomic objectives - self-test questions
   2. Short questions
   3. Data response question (1)
   4. Data response question (2)
   5. Long 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)
14. Section 2.6 Supply-side policies (notes)
15. 2.6 Supply-side policies (questions)
16. Print View

Short questions

Question 1

Distinguish between the level of unemployment and the rate of unemployment.

Question 2

Explain why a government might find the goal of full employment difficult to achieve.

Question 3

Explain how a government might tackle structural unemployment.

Question 4

Define what an economist means by the term 'inflation'.

Question 5

Examine which groups within society might be most affected by a permanent rise in prices.

Question 6

Briefly state two reasons why inflation may be considered to be an economic problem.

Question 7

Explain why deflation might be considered to be an economic problem.

Question 8

Explain the factors, which may give rise to an unequal distribution of (a) income and (b) wealth.

Question 9

Evaluate the different approaches, which a government can adopt to reduce the degree of inequality in a society.

Question 10

Statistics indicate that over the past decade the distribution of income in many countries has become more unequal. Identify two reasons why this may have occurred.

Question 11

In relation to taxation, explain the meaning of the terms (a) equity and (b) efficiency.