OCR•A-Level•Economics
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Macroeconomic Policy
Fiscal, monetary, and supply-side policies
Practice 53 subtopics in Macroeconomic Policy. All questions match the OCR A-Level specification.
About Macroeconomic Policy
Macroeconomic Policy is a key topic in the OCR A-Level Economicsspecification. This topic covers fiscal, monetary, and supply-side policies.
Master all 53 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (53)
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Practice any subtopic from Macroeconomic Policy
Economic growthLow unemploymentLow and stable inflationBalance of payments equilibriumConflicts between objectivesDefinition of fiscal policyGovernment spendingCurrent spendingCapital spendingTransfer paymentsTaxationDirect taxesIndirect taxesProgressive taxesRegressive taxesProportional taxesBudget deficitBudget surplusStructural deficitCyclical deficitNational debtDebt to GDP ratioAutomatic stabilisersDiscretionary fiscal policyExpansionary fiscal policyContractionary fiscal policyCrowding outDefinition of monetary policyBank of EnglandMonetary Policy CommitteeInflation targetBank RateTransmission mechanismQuantitative easingForward guidanceStrengths of monetary policyWeaknesses of monetary policyDefinition of supply-side policiesMarket-based policiesTax cutsDeregulationPrivatisationLabour market flexibilityTrade union reformInterventionist policiesEducation and trainingInfrastructure investmentResearch and developmentRegional policyEvaluation of supply-side policiesThe multiplierMultiplier formulaFactors affecting size of multiplier
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Start with Economic growth