1)Decide whether the following are examples of fiscal or monetary policy measures implemented in the United Kingdom and give a brief explanation for each:

a)An increase in unemployment benefits by the current UK government [5 marks]

b)An increase in government spending on state pensions [5 marks]

c)An increase in the base rate of interest by the Bank of England [5 marks]

d)A reduction in restrictions on bank lending [5 marks]