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QR Challenge: Macroeconomics

QuestionAnswer
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

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