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Shabnaam Therese
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possible conflicts between aims
macroeconomic
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Cards (4)
Economic growth is the
annual
increase in the
level
of
national
output, that is, the annual
percentage
change in gross
domestic
product.
The macroeconomic
aims
of the government.
Economic growth
Full employment/low employment
Stable
price/
low
inflation
Balance
of
payment
stability
Redistribution
of income
Unemployment occurs when people are
willing
and
able
to work, and
actively
seeking
employment
, but are
unable
to
find
work.
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