Macroeconomic Objectives & Policies Flashcards
1
Q
How many macroeconomic objectives are there?
A
7
2
Q
What are the macroeconomic objectives?
A
1) Economic growth (⬆️ in real GDP)
2) Low/reduction ⬇️ in unemployment
3) Low/control of inflation (2% MPC goal 🥅)
4) Equilibrium in balance of payments on current account (inflows & outflows)
5) Balanced government budget 💰
6) Protection of environment 🌳
7) ⬆️ equal distribution of income