Economic growth, full employment/low
unemployment, stable prices/low inflation, balance
of payments stability, redistribution of income.
-
Reasons behind the choice of aims and the criteria
that governments set for each aim. -
Possible conflicts between aims: full employment
versus stable prices; economic growth versus balance
of payments stability; and full employment versus
balance of payments stability
Review of Unit 4
Questions and suggested answers
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IGCSE Macroeconomics (Units 4 - 6)
4.1 the role of government 4.2 macroeconomic aims of government 4.3 fiscal policy 4.4 monetary policy 4.5 supply-side policy 4.6 economic growth 4.7 employment and unemployment 4.8 inflation and deflation 5.1 living standards 5.2 poverty 5.3 population 5.4 differences in economic development 6.1 international specialisation 6.2 globalisation, free trade and protectionism 6.3 current account of the balance of payments 6.4 foreign exchange rate
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Unit 4 Government and the macroeconomy - (IGCSE Macroeconomics)
The macroeconomic aims of government Fiscal policy Monetary policy Supply-side policy Economic growth Employment and unemployment Inflation and deflation
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