Quiz: Responding to External Shocks (Policy Options)
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned about public spending, taxes, and fiscal policy, let's test your understanding of how governments respond to external shocks!
What is an external shock?
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Which of the following are examples of external shocks? (Select all that apply)
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Governments can use {{blank0}} or fiscal policy to respond to economic shocks, such as changes in {{blank1}} prices.
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Match the items on the left with their correct pairs on the right
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Which policy would most likely be used to address a global financial crisis?
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What are possible government responses to a sudden increase in unemployment? (Select all that apply)
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A key tool of monetary policy is changing {{blank0}}, which affects borrowing and spending in the economy.
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