macro objectives of government Flashcards Preview

economics oundle (macro) > macro objectives of government > Flashcards

Flashcards in macro objectives of government Deck (8)
Loading flashcards...
1
Q

objective for growth

A

strong, sustained, sustainable

growth without excessive inflation and environment, etc

2
Q

objective for unemployement

A

low unemployement, full employment

strong economy

3
Q

objective for inflation

A

low and stable, 2% (+-1%)

4
Q

what are the 5 indicators

A

growth, unemployement, inflation, trade, distribution of income

5
Q

objective for trade

A

balance between the value of export and import of goods and services

no trade deficit and surpluses

6
Q

objective for distribution of income

A

‘fair’ - always opinionated therefore is normative.

7
Q

what is TIGERS

A

Trade, inflation, growth, employment, redistribution of income, stability

8
Q

what are the non core objectives

A

sound government finances, environmental sustainability, productivity growth