Macroeconomic policy objectives

Question 1

what are the objectives

Answer 1

stable low inflation

sustainable growth

high employment

sustainable debt

equality

improvements in productivity

Question 2

how can these objectives be achieved

Answer 2

monetary policy

fiscal policy

supply side policy

Question 3

monetary policy

Answer 3

changes to interest rate

Question 4

fiscal policy

Answer 4

changes in tax and government spending

Question 5

supply side policy

Answer 5

the amount of goods that is produced so markets can work efficiently

Question 6

stable low inflation

Answer 6

target of 2.0%. the monetary policy committee sets interest rates at a level it thinks will meet inflation target

Question 7

sustainable growth

Answer 7

keep inflation low and reducing the impact on the environment

Question 8

improvements in productivity

Answer 8

improve competitiveness and trade performance

Question 9

high employment

Answer 9

limit effects of recession.

dont have to pay as much welfare

Question 10

equality

Answer 10

fair distribution of the wealth