Causes and consequences of inflation for an economy, Macroeconomics

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Question 1:

Discuss why living standards are higher in some countries than others.

Question 2:

(a) How is inflation measured?

(b) What are the causes and consequences of inflation for an economy?

Question 3:

(a) What might cause an appreciation of a floating exchange rate?

(b) Discuss whether an appreciation of a country's exchange rate will always be beneficial to that country.

Question 4:

Write short notes on the following:
(a) Monetary Policy
(b) Fiscal Policy
(c) Balance of Payments
(d) Money Demand (Keynesian approach)
(e) Economic Growth

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