Objectives of government economic policy

Question 1

Four main objectives

Answer 1

Sustainable economic growth
low and stable inflation
low unemployment
satisfactory balance of payments position

Question 2

Additional goals

Answer 2

CPI inflation of 2%, higher average living standards, stable balance of payments on current account, equal distribution of income and wealth, balancing the budget and reducing the national debt, better regional balance, improved competitiveness, environmental sustainability, improved economic well-being

Question 3

Possible conflicts

Answer 3

Economic growth and inflation / balance of payments/ inequality / and environmental degradation
unemployment and inflation