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A-Level Macroeconomics Overview

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Questions and Answers

What does 'AD' stand for in macroeconomics?

Aggregate Demand

What are the three main types of unemployment?

Seasonal, frictional, cyclical

Frictional, cyclical, technological

Structural, seasonal, cyclical (correct)

Structural, frictional, cyclical

What are the two main types of inflation?

Demand-push and fiscal

Cost-push and supply-side

Demand-pull and supply-side

Demand-pull and cost-push (correct)

What is the difference between 'ex ante' and 'ex post' regulation in macroeconomics?

'Ex ante' regulation occurs before a market power abuse takes place, while 'ex post' regulation occurs after a market power abuse is observed. Signup and view all the answers

What are the two main types of economic systems?

Market and mixed Signup and view all the answers

What is a 'special economic zone' (SEZ)?

An area within a country that offers tax incentives and other benefits to attract foreign investment Signup and view all the answers

What does 'ceteris paribus' mean in macroeconomics?

All other things being equal Signup and view all the answers

What does 'hot money' refer to?

Money that is moving quickly between countries searching for the best returns Signup and view all the answers

Study Notes

Economics A-Level Macroeconomics Contextual Analysis

This document is not exam-board specific
Covers various macroeconomic topics

1. How the Macroeconomy Works:
- Determinants of Aggregate Demand (AD)
- Determinants of Short-run Aggregate Supply (SRAS)
- Determinants of Long-run Aggregate Supply (LRAS)
2. Economic Performance:
- Causes of Unemployment
- Causes of Inflation
- Balance of Payments on Current Account
- Conflicts Between Macroeconomic Policy Objectives
3. Macroeconomic Policy:
- Monetary Policy
- Fiscal Policy
- Supply-Side Policy
4. The International Economy:
- Exchange Rates
- Globalization and Trade
- Economic Development

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Description

This quiz provides a comprehensive overview of A-Level Macroeconomics, focusing on key aspects such as aggregate demand, economic performance, and policy frameworks. It covers various topics, including unemployment, inflation, and the international economy. Perfect for students looking to solidify their understanding of macroeconomic principles.