Economic Objectives

• What is meant by policy objective?

  Government’s major economic objectives.
• What are the 7 macro objectIves?

  • economic growth
  • low and stable inflation
  • low unemployment
  • environmental protection
  • income equality
  • balanced fiscal budget
  • balance of payments on the current account
• What is meant by policy instruments?

  Techniques used to achieve policy objectives. These are implemented by the government.