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What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
What are the main goal of macroeconomics?
To promote economic growth To manage unemployment to low levels To manage inflation to low levels
Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Which economic term describes a period of slow economic growth that also has inflation?
Recession
Which economic indicator does not measure economic growth?
Unemployment rate
What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
What are two features of sustainable economic growth?
Low and stable inflation rate. Low unemployment rate.
What are the main goal of macroeconomics?
To promote economic growth To manage unemployment to low levels To manage inflation to low levels
Match the economic indicator with its type of measurements?
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
What is the benefit of lower inflation rate?
1. Economic growth 2. Reduction in unemployment 3. Less crime 4. Improve welfare
What social concerns are economists concerned with?
They attempt to explain social concerns such as unemployment, inflation, economic growth, business cycles, tax policy, or farm prices.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
Which economic indicator does not measure economic growth?
Unemployment rate
A fiscal policy is designed to?
Government spending and taxation decisions designed to control inflation, reduce unemployment, improve general welfare of citizens, and encourage economic growth.
Four objective of macroeconomics?
Low unemployment Low Inflation High and stable economic growth The avoidance of balance of payments deficits and excessive exchange rate fluctuations (this one is concerned with international trade) They are actually Full Employment - lowest rate of unemployment attainable without accelerating inflation Price Stability - keeping inflation down (monetary policy, fiscal policy) Economic Growth - self explanatory External policy - Current account, exchange rate etc
Why was the stabilization policy made?
Stabilization policy was created to help stabilize the overall economy by managing fluctuations in inflation, unemployment, and overall economic growth. It aims to reduce the negative impacts of economic cycles and promote stable economic conditions.
What are three indicators of growth or financial indicator in business strategy?
the three indicators, unemployment, inflation and GDP growth
