Why is economic growth a macroeconomic objective?
A
Economic growth raises living standards by increasing real output per person.
B
Economic growth guarantees equal incomes by reducing differences between households.
C
Economic growth eliminates inflation by increasing the supply of money.
D
Economic growth reduces imports by lowering household demand for goods.
2.6.1 Possible macroeconomic objectives Flashcards
Flashcards for Edexcel A A Level Economics 2.6.1 Possible macroeconomic objectives, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.