All of the following are benefits of the single market except ?
In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?
If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to ?
Under floating exchange rates, expectations of higher interest rates are likely to cause an ____ of the exchange rate?
A fixed exchange rate, plus perfect capital mobility ________ the scope for monetary policy ?
With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?
perfect international capital mobility suggests that international funds will be responsive to ________ differentials?
A rise in the real exchange rate will ________ the competitiveness of the domestic economy?
A current account deficit means that a country may ?
If British residents want more French francs to purchase more French cloths other things equal, then the equilibrium value of the pound against the French franc will ?
If the economy is in the recessionary phase of the business cycle, aggregate demand unemployment ___ inflation ___ and the current account of the balance of payments is likely to move towards ____?
If the economy is in the expansionary phase of the business cycle, aggregate demand unemployment __ inflation ____ payments is likely to move towards ____?
If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?
If currency dealers expect the value of the pound to fall, the exchange value will tend to ?
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?
The price of one country’s currency in terms of another country’s currency is the ?
The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
The record of country’s imports and exports of goods is called its ?
If VAT rates rise, then costs are likely to ___ and demand is likely to ____?
Government policies that focus on changing interest rates are called ?
Government policies that focus on increasing production rather than demand are called ?
As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?
Unemployment resulting from imperfect information in the labour market is called ____ unemployment?
Aggregate supply is the total amount ?
An individual who is not working and who has given up looking for work is classfied as ?
The labour force can be defined as ?
Reducing inflation is a more important objective than economic growth is an example of ?
Which of the following is a possible government objective as opposed to a policy ?
Which of the following can the government not use directly to control the economy ?
Which does the government not control directly ?
What is meant by an objective ?
In the EMU a country’s competitiveness can change because of ?
The Maastricht criteria for entry to the EMU are that applicants should have ?
A monetary union means , __ and ________?
The single European Act committed __ governments to a ________ in 1992?
The main features of the European Monetary system are ?
Fiscal policy is weak under floating exchanges rates as fiscal expansion ?
Floating exchange rates are ____ in the short run?
In the short run the level of floating exchange rates is determined mainly by ?
The competitive advantage from a devaluation is likely to be offset by __ and ________?
In the absence of international capital controls, central banks set ________ to provide the correct incentive for speculators?
Which fixed exchange rates and no private capital flows, to correct a balance of payments deficit, the central bank will __ and ________ ?
When capital mobility is perfect interest rate differentials will tend to be offset by ?
Within the circular flow of income, an increase in domestic income will tend to increase ?
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account ?
In a fixed exchange rate regime, the central the exchange rate ?
When the $/£ exchange rate rises the pound __ and when the $/£ rates falls the pound ________?
If the economy is in the though phase of the business cycle, aggregate demand unemployment inflation __ and the current account of the balance of payments is likely to move towards ________?

Cyclical unemployment is the ?

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.

Correct Answer: Unemployment that occurs during recessions and depressions. ✔

Last Updated: June 18, 2019