Question 1
What are 'repos' and what part do they play in monetary policy?
Question 2
Which of the following measures to cure employment would we call supply-side and which demand-side solutions and which have elements of both?
a) The use of incomes policy to keep costs down by preventing excessive wage increases.
Supply-side / Demand-side / Both
b) The launch of a new government training programme for school leavers.
Supply-side / Demand-side / Both
c) A new computer network is set up to provide more detailed national information at job centres on vacancies.
Supply-side / Demand-side / Both
d) A government investment programme targeted on key growth industries
Supply-side / Demand-side / Both
e) Income tax is cut by 2p in the pound.
Supply-side / Demand-side / Both
f) Lower interest rates to prevent the exchange rate appreciating
Supply-side / Demand-side / Both