【ACCA选择题】
第一题:Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
A 1 and 2
B 2 and 3
C 2,3 and 4
D 1,2 and 3
第二题:Which of the following is an example of cyclical unemployment?
A The entry of school leavers into the labour pool each year
B Lay-offs among agricultural labourers in winter
C Automation of ticketing services in tourism
D Recession in the building industry
第一题:【D】Rationale:The four main objectives of macroeconomic policy relate to economic growth,stable(not zero)inflation,unemployment and the balance of payments(balance between exports and imports).
第二题:【D】Rationale:Recession is part of the business cycle:demand for output and jobs falls,andunemployment rises until recovery is well under way.Option A is an example of frictional unemployment;option B of seasonal unemployment;option C of technological unemployment.
Pitfalls:It is easy to confuse cyclical with seasonal unemployment,or frictional unemployment that occurs on a seasonal basis(eg option A).You need to associate cyclical employment firmly with business cycles.