Macroeconomic objectives
What Macroeconomic objectives means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Macroeconomic objectives
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Reference: Pearson Edexcel
Goals such as economic growth, which often conflicts with the objective of minimising negative externalities, creating a significant policy trade-off.
The goals of the whole economy, such as economic growth, low unemployment, low inflation and the current account of the balance of payments.
Goals such as a low and stable rate of inflation that governments pursue for the economy as a whole.
Controlling inflation and unemployment, which demand-side policies are used to achieve.
Topics that use Macroeconomic objectives
- Demand-side policies (Pearson Edexcel A-Level)
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
- Potential policy conflicts and trade-offs (Pearson Edexcel A-Level)
Related terms
- Policy conflicts
- Aggregate demand
- Demand-pull inflation
- Current account
- Current account surplus
- Economic growth
- Economic trade-offs
- Equilibrium
Using Macroeconomic objectives in the exam
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