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

Long questions

Question 1

(a) Explain the purpose of the Lorenz Curve and the Gini Coefficient

(b) Evaluate the view that greater income equality can best be achieved through the taxation system.

Question 2

(a) Describe how the Philips curve helps illustrate the relationship between unemployment and inflation.

(b) Explain how the Philips curve helps understanding of the impact of increasing aggregate demand on unemployment in the long run.