Government macroeconomic policy objectives
5.1What the syllabus asks of you
- use of government policy to achieve macroeconomic objectives: price stability, low unemployment, economic growth (policy conflicts and trade-offs are not required)
Drill this topic
Every question on Government macroeconomic policy objectives, untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
10 questions
1Oct / Nov 2025 · Paper 11 · Q22Show mark scheme →
Aeconomic growth
Bincome equality
Clow unemployment
Dprice stability
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2May / June 2025 · Paper 32 · Q21Show mark scheme →
Aa surplus on the current account of the balance of payments
Bfaster economic growth
Cfull employment
Dstable prices
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3Oct / Nov 2024 · Paper 12 · Q20Show mark scheme →
Aencourage the consumption of merit goods
Breduce pollution in the steel industry
Cmaintain general price stability
Dreduce unemployment in the service sector
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4May / June 2024 · Paper 13 · Q23Show mark scheme →
Awhen it focuses on the level of individual welfare
Bwhen it involves economy-wide institutions and behaviour
Cwhen it is based on the control of monopoly markets
Dwhen it relies on the use of buffer stock schemes
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5May / June 2024 · Paper 32 · Q22Show mark scheme →
Aexpansionary fiscal and monetary policy as well as supply-side policies
Bexpansionary fiscal policy and tight monetary policy
Ctight fiscal and monetary policy
Dsupply-side policies alone
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6Oct / Nov 2023 · Paper 33 · Q25Show mark scheme →
A0.47, 0.8, 3.4, +3.3
B1.13, 0.9, 10.5, -0.1
C1.18, 1.1, 6.9, -3.3
D1.45, 0.1, 4.6, +8.5
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7Oct / Nov 2023 · Paper 33 · Q26Show mark scheme →
Aa fall in the general price level of goods and services
Ban increase in monopoly regulation
Clower taxes on consumer goods
Da minimum wage for low paid agricultural workers
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8May / June 2023 · Paper 32 · Q24Show mark scheme →
Aa decrease in the average standard of living
Ba decrease in the currency's foreign exchange rate
Can increase in the level of frictional unemployment
Dan increase in the rate of inflation
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9Feb / March 2021 · Paper 32 · Q22Show mark scheme →
Afiscal policy: increasing taxation; monetary policy: increasing interest rate; supply-side policy: increasing flexibility in the labour market
Bfiscal policy: increasing government expenditure; monetary policy: decreasing the money supply; supply-side policy: increasing education and training
Cfiscal policy: decreasing taxation; monetary policy: decreasing interest rate; supply-side policy: increasing flexibility in the labour market
Dfiscal policy: decreasing government expenditure; monetary policy: increasing the money supply; supply-side policy: increasing education and training
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10Feb / March 2021 · Paper 32 · Q26Show mark scheme →
AAn increase in supply always creates an equal increase in demand.
BGovernment intervention is required to manage the economy.
CPrices always adjust so that markets clear.
DThe economy always has full employment.
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