Term
economic growth
stable prices
low unemployment
positive balance of payments
management of deficits
debt |
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Definition
Goals that make-up Economic policy |
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Term
Fiscal policy
monetary policy
regulation
incentives, subsidies, and support |
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Definition
| Instruments of economic policy |
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Term
central concern of gov't
by product of many other policies
impacted by other gov't policies |
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Definition
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Term
Tax revenues increase
Aids in redistribution |
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Definition
| Benefits of economic growth |
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Term
occurs when little growth
no program gains
resources from one taken to give
redistribution cause more conflict |
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Definition
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Term
rise in the general level of prices of goods and services
(2-4%) |
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Definition
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Term
| represents average change in price over time of a variety of goods and services |
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Definition
| Mearsure by CPI Consumer Price Index |
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