3.10 Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
A 1 and 2
B 2 and 3
C 2, 3 and 4
D 1, 2 and 3
3.11 Which of the following is an example of cyclical unemployment?
A The entry of school leavers into the labour pool each year
B Lay-offs among agricultural labourers in winter
C Automation of ticketing services in tourism
D Recession in the building industry