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ZIMSEC A-Level Economics

11.5Macroeconomic policies: fiscal, monetary and exchange rate

Macroeconomic policies: fiscal, monetary and exchange rate in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic81 practice questions4 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 11.5.1Analyse fiscal policy, monetary policy and exchange rate policy and their effects.

Lessons

  • Effects of exchange rate changes: AD/AS, Marshall-Lerner and the J-curve

    55 min

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  • Fiscal policy: the budget, national debt and expansionary and contractionary policy

    55 min

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  • Monetary policy

    55 min

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  • Taxation: types, rates and reasons

    50 min

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Sample question

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

Macroeconomic policies: fiscal, monetary and exchange rate: sample question

1 mark

A budget deficit occurs when

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