shocks Flashcards
1
Q
Shocks
A
Shocks:
1 finical crisis government spending increase taxation went 20 - 15 - coperation tax 28 -20%
2 covid government spending vat change 20 for normal hospitality was 5%
3 brexit government spending taxation 19%
4 wars government spending
5. Whether government spending
2
Q
mepo
A
Macroeconomics objectives:
Stable but positive economic growth (gdp/AD)
Low inflation of 2 percent plus or minus one
Low rate of unemployment (+3%)
Balanced buget where government spending = government tax
Reduce the imports - reduce the deficit on the BOP
Minimise inequality gap - lorenz curve
Environment
