Ch45 Gov't Macro Policy Objectives

Front

What is a typical low rate of inflation?

Back

2% to 3% per year.

Front

What does balance of payments stability mean?

Back

Export revenue is equal to import expenditure.

Front

What is a low unemployment rate in an economy?

Back

New jobs created do not increase economic efficiency.

Front

What is sustained economic growth?

Back

Annual rate of economic growth is stable over years.

Front

What is sustainable development?

Back

Increase in output does not harm future generations.