Exam preparation answers.docx - Macro Economics \u2013 Exam revision The exam format will be 30 x multiple choice Short one word or phrase questions Mid

Exam preparation answers.docx - Macro Economics – Exam...

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Macro Economics – Exam revision The exam format will be: 30 x multiple choice Short, one word or phrase questions Mid length questions up to 6 marks Long questions up to a maximum of 15 marks. Below is a list of topics you need to know for the final exam. Please take note these are not definitions only , some are main topics what will contain a number of terms and definitions that is part of the main theme. Several possible longer style questions are listed. Topics: Aggregate Demand (AD) Aggregate Supply Balance of Payments - Current Account Capital Investment Circular Flow of Income and Spending Consumer Spending Current Account Deflation Economic Cycle Economic Growth - Human Capital Economic Growth - Innovation Exchange Rates Exchange Rates - Fixed Currency Systems Exchange Rates - Floating Currencies Exchange Rates - Macroeconomic Effects of Currency Fluctuations Exchange Rates - Reasons for a Currency Depreciation Fiscal Policy Fiscal Policy - Impact on Aggregate Supply and Economic Growth Fiscal Policy - Managing Aggregate Demand and Inflation GDP and Purchasing Power Parity (PPP) Gross National Income (GNI) Household Saving Inequality of Income and Wealth Inflation - Causes of Inflation
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