Question | Answer |
What is macroeconomics? | a
|
What is microeconomics? | b
| What is economic growth? | c
| How is economic growth measured? | d
| Describe the features of a 'boom'. | e
| Describe the features of a 'recession'. | f
| Describe the features of a 'trough'. | g
| Describe the features of a 'recovery'. | h
| What is inflation? | i
| How is inflation measured? | j
| What is the UK's current rate of inflation? | k
| How does inflation affect businesses? | l
| What are interest rates? | m
| What happens if interest rates rise? | n
| Who sets the UK base rate and what is its current level? | o
| What are exchange rates? | p
| What does SPICED stand for? | q
| What is the link between interest rates and exchange rates? | r
| What can government do to stop inflation getting out of hand? | s
| What happens if interest rates fall? | t |