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CCEA A-Level Economics AS 2 Managing the Economy overview quiz quiz

15questions. Pick an answer and you'll see why right away.

  1. Which of the following is a withdrawal (leakage) from the circular flow of income?

  2. National income is in equilibrium when:

  3. Gross National Income (GNI) differs from Gross Domestic Product (GDP) because GNI:

  4. Potential economic growth is best shown on a production possibility frontier diagram as:

  5. Which is the correct formula for aggregate demand?

  6. The long-run aggregate supply curve shifts to the right when:

  7. If the marginal propensity to withdraw is 0.4, the multiplier is:

  8. Cyclical (demand-deficient) unemployment is caused by:

  9. The UK Labour Force Survey measure of unemployment uses the definition set by the:

  10. Demand-pull inflation occurs when:

  11. A price index rises from 100 to 108 over a year. The rate of inflation is:

  12. Which statement about deflation is correct?

  13. Monetary policy in the UK is principally conducted through:

  14. Which is an example of a supply-side policy?

  15. Which of the following is a genuine conflict between macroeconomic objectives?