OCR•GCSE•Economics
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Government Economic Objectives and Policies
Fiscal policy, monetary policy, and supply-side policies
Practice 49 subtopics in Government Economic Objectives and Policies. All questions match the OCR GCSE specification.
About Government Economic Objectives and Policies
Government Economic Objectives and Policies is a key topic in the OCR GCSE Economicsspecification. This topic covers fiscal policy, monetary policy, and supply-side policies.
Master all 49 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 (49)
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Economic growthLow unemploymentLow and stable inflationBalance of payments equilibriumFair distribution of incomeConflicts between objectivesDefinition of fiscal policyGovernment spendingTaxationDirect taxesIncome taxCorporation taxIndirect taxesVATExcise dutiesProgressive taxesRegressive taxesGovernment budgetBudget deficitBudget surplusNational debtExpansionary fiscal policyContractionary fiscal policyAutomatic stabilisersDefinition of monetary policyBank of EnglandMonetary Policy Committee (MPC)Interest ratesBank RateEffects of interest rate changesOn spendingOn savingOn borrowingOn investmentOn exchange ratesQuantitative easingDefinition of supply-side policiesMarket-based supply-side policiesReducing income taxReducing corporation taxReducing benefitsDeregulationPrivatisationTrade union reformInterventionist supply-side policiesEducation and trainingInfrastructure spendingHealthcare investmentResearch and development
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