Question 1
What is meant by sras shift factors?
A.
Technology, investment, education, migration, regulation. B.
Wages, raw materials, taxes, productivity, exchange rate. C.
Transport/digital networks raise capacity. D.
Confidence for investment.
Question 2
What is meant by infrastructure?
A.
Transport/digital networks raise capacity. B.
R&D and enterprise culture. C.
Wages, raw materials, taxes, productivity, exchange rate. D.
Aims to shift LRAS right.
Question 3
What is meant by lras shift factors?
A.
Skills and education raising productivity. B.
Confidence for investment. C.
Aims to shift LRAS right. D.
Technology, investment, education, migration, regulation.
Question 4
What is meant by rule of law?
A.
Confidence for investment. B.
Wages, raw materials, taxes, productivity, exchange rate. C.
Aims to shift LRAS right. D.
Transport/digital networks raise capacity.
Question 5
What is meant by supply-side policy?
A.
Aims to shift LRAS right. B.
Labour force size and age structure. C.
Confidence for investment. D.
Transport/digital networks raise capacity.
Question 6
What is meant by demographics?
A.
Labour force size and age structure. B.
Technology, investment, education, migration, regulation. C.
R&D and enterprise culture. D.
Reducing red tape to lower costs.
Question 7
Supply-side policies aim to:
A.
Increase productive capacity B.
Fix exchange rate C.
Reduce exports only D.
Eliminate fiscal policy
Question 8
Education and training mainly shift:
A.
Only imports B.
CPI basket C.
AD left only D.
LRAS to the right
Question 9
A rise in corporation tax may:
A.
Shift SRAS left B.
Eliminate unemployment C.
Shift AD right only D.
Increase exports automatically
Question 10
Higher oil prices are a:
A.
Fiscal surplus B.
Negative supply shock C.
Demand-pull stimulus D.
Trade surplus
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