School of Economics | Macroeconomic objectives and conflicts
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Tejvan Pettinger A look at the main macroeconomic objectives (economic growth, inflation and unemployment, government borrowing) and possible conflicts between these different macro-economic objectives. The main macro-economic objectives are: Economic growth – positive and sustainable growth (The UK, long-run trend rate is around 2.5%)Low inflation (UK target 2% +/-1) –Low...