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Cambridge AS & A Level Economics

9The macroeconomy (A Level)

The macroeconomy (A Level) in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic260 practice questions12 lessons

In this topic

Lessons

  • Consumption, saving and investment functions

    60 min

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  • National income determination and inflationary and deflationary gaps

    60 min

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  • The multiplier

    60 min

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  • Actual and potential growth, output gaps and the trade cycle

    55 min

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  • Inclusive and sustainable economic growth

    50 min

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  • Equilibrium and disequilibrium unemployment, the natural rate, mobility and policies

    55 min

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  • Banks and the central bank: functions and objectives

    55 min

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  • Credit creation and the bank credit multiplier

    55 min

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  • Interest rate determination: liquidity preference, loanable funds and non-economic factors

    55 min

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  • Money: functions and characteristics

    45 min

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  • The money supply and the demand for money

    50 min

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  • The quantity theory of money

    50 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

The macroeconomy (A Level): sample question

1 mark

The marginal propensity to consume is

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