THEME 2 - Topic 7 - Macroeconomic Policy Objectives Flashcards by Elliot Jones

Q

What are the 6 macroeconomic policy objectives?

A

Increased rate of economic growth
Control of inflation
A reduction in unemployment
Restoration of equilibrium in the balance of payments
Improve income distribution
Protection of the environment

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Q

What 2 characteristics should inflation be kept at?

A

Low and stable (1-3%)

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Q

What 2 characteristics should economic growth be kept at?

A

Steady and sustainable

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