Macroeconomics Key Concepts 0.0 / 5 ? EconomicsKey conceptsASAQA Created by: Lucy C-HayesCreated on: 23-03-14 14:48 what are the macroeconomic objectives? economic growth, reduce unemployment, improve BofP and lower inflation 1 of 6 Name 5 instruments used to achieve the objectives tax, GS, interest rates, legislation, exchange rates 2 of 6 What is the circular flow of income? the flow of income and resources around and economy 3 of 6 Name 3 injections into the circular flow of income GS, investment, exports 4 of 6 Name 3 withdrawals into the circular flow of income Savings, tax, imports 5 of 6 When is an economy in equilibrium? when injections equal withdrawals 6 of 6
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