Macroeconomic objectives conflicts Flashcards by Olivia Joseph | Brainscape

Q

Economic growth and inflation

A

-shown by Keynesian AS curve when AS inelastic
-solved by supply side policy

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Q

Economic growth and BoP

A

demand for imports
high inflation can worsen competitiveness of domestic Industries
overcome: incentivise research+development, ↑investment in exports, depreciated currency, monetary policy for low inflation

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Q

A

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