Podcast
Questions and Answers
What is the impact of falling output on employment levels?
What is the impact of falling output on employment levels?
- Employment levels remain unchanged
- There is a temporary increase in employment
- Fewer workers need jobs and unemployment rises (correct)
- More workers need jobs and unemployment falls
If a country runs out of foreign currencies, what happens to the price of its currency?
If a country runs out of foreign currencies, what happens to the price of its currency?
- The price of the country's currency rises against other currencies
- The price of the country's currency remains unchanged
- The country's currency is replaced by a new currency
- The price of the country's currency falls against other currencies (correct)
How does an increase in income tax affect businesses?
How does an increase in income tax affect businesses?
- Businesses are unaffected by changes in income tax
- Businesses see an increase in sales due to higher disposable income
- Businesses have more money after tax due to lower personal income
- Businesses have less money after tax and may see a fall in sales (correct)
What is the impact of an increase in import tariffs and quotas on businesses?
What is the impact of an increase in import tariffs and quotas on businesses?
When the government wants to boost economic growth, what does it do?
When the government wants to boost economic growth, what does it do?
What is a supply-side policy aimed at achieving?
What is a supply-side policy aimed at achieving?
How does rising inflation affect businesses?
How does rising inflation affect businesses?
What is the impact of high unemployment on businesses selling cheaper products?
What is the impact of high unemployment on businesses selling cheaper products?
Why might it get difficult for businesses to recruit new employees when GDP is increasing?
Why might it get difficult for businesses to recruit new employees when GDP is increasing?
How does low inflation impact workers' wages?
How does low inflation impact workers' wages?
What is a consequence of low unemployment according to the text?
What is a consequence of low unemployment according to the text?
How does increasing GDP generally benefit businesses?
How does increasing GDP generally benefit businesses?
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