CIMA BA1 · Chapter 2 · Question 1 of 10
Which of the following is NOT normally regarded as one of the main objectives of government macroeconomic policy?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Maximising the profits earned by state-owned enterprises
Explanation
The usual macroeconomic objectives are sustainable growth, low unemployment, stable prices and a satisfactory balance of payments position. The profitability of individual state enterprises is a microeconomic or organisational matter, not a macroeconomic objective.
More Macroeconomic policy and the business cycle MCQs
- Q3A sharp rise in the world price of imported oil causes the general price level in an economy to increase. This is best described as:
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- Q5The original Phillips curve suggested that:
- Q6Which of the following is most likely to be observed during the recession phase of the business (trade) cycle?
- Q7Which of the following is an example of an automatic stabiliser?
