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Card 1 of 25

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.

Card 1 of 25

2.6.1 Possible macroeconomic objectives Flashcards

  1. A Level
  2. /Economics
  3. /2.6.1 Possible macroeconomic objectives

25 flashcards on Edexcel A A Level Economics 2.6.1 Possible macroeconomic objectives: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards