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MACROECONOMIC GOALS - Coggle Diagram
MACROECONOMIC GOALS
Economic growth
A steady rate of increase of GDP
sources
natural factors
human capital
technological progress
physical capital
institutional factors
policies
short-run
demand-side
monetary
expansionary
lowering interest rates
open market operations
quantitative easing
increasing the quantity of money
fiscal
expansionary
cut taxes
increase government spending
multiplier effect
increase in public debt and budget deficit
crowding out
infrastracture
social benefits
time lags
long-run
supply-side
intervenstionsist
investment in human capital- quality of the workforce
investment in research and development- innovations
investment in infrastructure
industrial policy
market based
Incentive-related policies
Policies to encourage competition
Labour market reforms
Price stability
Low and stable level of inflation
Full employment
A low level of unemployment
income distribution
An equitable distribution of income
External stability
favorable balance of payments