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AS economics > pre sixth introduction to macro > Flashcards

pre sixth introduction to macro Flashcards

1
Q

What is the objective for growth?

A

Strong, sustained, sustainable

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2
Q

What is the objective for unemployment?

A

Low, high employment

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3
Q

What is the objective for inflation?

A

Low, stable, 2% (+/- 1%)

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4
Q

What is the objective for trade?

A

Balanced

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5
Q

What is the objective for the distribution of income?

A

‘Fair’

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6
Q

What does TIGERS (the macro objectives) stand for?

A

Trade, Inflation, Growth, Employment, Redistribution of income, Stability

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7
Q

What are the non-core macro objectives?

A

Sound government finances, environmental sustainability, productivity growth

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AS economics (9 decks)

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