Macroeconomic Issues and Analysis

A. interest rate adjustment
B. central bank intervention in the Forex
C. domestic wage and price adjustment
D. devaluation

A. A policy
B. A way of reaching a target
C. A target
D. A strategy

A. Spending on health
B. Spending on defence
C. Firms investment decisions
D. Spending on education

A. Pay rates within the private sector
B. pay rates in the public sector
C. investment in education
D. Benefits available for the unemployed and sick

A. Lower interest rates
B. Lower taxation rates
C. Lower government spending
D. Lower inflation

A. Normative economics
B. Positive economics
C. Objective economics
D. Reality economics

A. Those who could claim benefit if they were to become unemployed.
B. The population between school leaving age and retirement age.
C. anyone who is working or actively seeking work
D. Those of working age who are seeking work and are available to for work at current wage rates.

A. a discouraged worker:
B. unemployed.
C. hard core unemployed.
D. unemployable

A. Portion of unemployment that is due to the normal working of the labour market
B. Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries.
C. Unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.
D. Unemployment that occurs during recessions and depressions.

A. Frictional
B. natural
C. real-wage
D. disequilibrium