Macroeconomics Key Concepts

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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

Other cards in this set

Card 2

Front

Name 5 instruments used to achieve the objectives

Back

tax, GS, interest rates, legislation, exchange rates

Card 3

Front

What is the circular flow of income?

Back

Preview of the front of card 3

Card 4

Front

Name 3 injections into the circular flow of income

Back

Preview of the front of card 4

Card 5

Front

Name 3 withdrawals into the circular flow of income

Back

Preview of the front of card 5
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