True or False — Demand-pull inflation occurs when aggregate supply shifts left due to rising production costs.

True or False — Standardised unemployment (ILO/OECD definition) includes people who are actively seeking work but not entitled to claim benefits.

A high real minimum wage above the market equilibrium level is most likely to cause:

Which of the following is an example of a supply-side policy to reduce inflation?

Match each type of inflation with its main cause.

Which TWO are examples of structural unemployment?

Which of the following are examples of injections into the circular flow of income?

Which THREE of the following are common costs of inflation?

If a country experiences high inflation compared to its trading partners, what is the MOST likely impact on its exports and imports?

Which of the following BEST describes demand-deficient (cyclical) unemployment?