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MACROECONOMICS (OBJECTIVES (Achieve steady rate of economic growth, To…
MACROECONOMICS
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To achieve full employment,governments need to create more jobs &stimulate aggregate demand (AD)
Aggregate demand have to be HIGHER > Firm production have to be HIGH > Demand for labor will be HIGHER > Unemployment rate will DECREASE
Aggregate demand have to be HIGHER > National output & national income will be HIGH > General price level will be HIGH > Inflation INCREASE
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