Macroeconomic objectives and policies: แบบฝึกหัด

• a.Free market supply-side policy
• b.Deflationary monetary policy
• c.Interventionist supply-side policy
• d.Reflationary fiscal policy

• a.Increased productivity reduces the price of exports, improving the trade balance
• b.Growth leads to higher tax revenues, which causes a budget deficit
• c.Lower unemployment leads to a decrease in the rate of inflation
• d.Higher consumer incomes during growth lead to an increased demand for imported goods

• a.The central bank increases the base interest rate to encourage saving and reduce inflation
• b.The central bank sells government bonds to commercial banks to reduce the money supply
• c.The central bank purchases financial assets from the private sector to increase the money supply and lower interest rates
• d.The government reduces its budget deficit by cutting public expenditure on healthcare and education

• a.Reducing total government expenditure
• b.Increasing the rate of corporation tax
• c.Decreasing the legal minimum wage
• d.Increasing the base interest rate

• a.A reduction in the top marginal rate of personal income tax
• b.The privatisation of state-owned electricity and water companies
• c.The deregulation of the domestic labour market to reduce hiring costs
• d.Increased government spending on vocational education and skills training

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