Year 1 Macro Flashcards by Muhammed Raees Ali | Brainscape

Q

List the four main objectives of macroeconomic policy.

A

Sustainable economic growth
Low unemployment
Low, stable inflation (2% CPI)
Satisfactory BoP

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Q

List four macroeconomic indicators use to measure economic performance.

A

CPI
Labour Force Survey/ Claimant Count
Real GDP growth
Balance of Trade

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Q

What is an output gap?

A

Difference between actual and trend output.

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