1
Q
7 possible objectives
A
Economic growth
Low unemployment
Low and stable rate of inflation
Balance of payments equilibrium on current account
Balanced government budget
Protection of environment
Greater income equality
economics theme 2
flashcards
Decks in class (31)
# Cards
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2.1 measures of economic performance0
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2.1.1 economic growth32
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2.1.2 inflation26
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2.1.3 employment and unemployment22
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2.1.4 balance of payments3
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2.2 AD0
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2.2.1 the characteristics of AD15
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2.2.2 consumption7
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2.2.3 Investment14
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2.2.4 Government Expenditure5
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2.2.5 Net Trade10
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2.3 AS0
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2.3.1 characteristics of AS0
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2.3.2 Short-run AS0
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2.3.3 Long-run AS0
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2.4 National income0
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2.4.1 National income11
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2.4.2 Injections and withdrawals10
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2.4.3 Equilibrium levels of real national output4
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2.4.4 The multiplier10
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2.5 economic growth0
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2.5.1 causes of growth6
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2.5.2 output gaps18
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2.5.3 trade (business) cycle4
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2.5.4 the impact of EG4
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2.6 Macro Economic Objectives And Policies0
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2.6.1 Possible Macro Objectives1
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2.6.2 DSP b) Monetary Policy Instruments32
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2.6.2 DSP a) Distinction Between Monetary And Fiscal Policy7
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2.6.2 c) Fiscal Policy Instruments3
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2.6.2 DSP d) Distinction Between Gov Budget Deficit And Surplus4
