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3 Cards in this Set
- Front
- Back
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Inflation information... |
Reduces disposable income Target of 2% +/- 1% Damaging for people with fixed income Workers will demand higher 0% inflation does not take into account the improvement of goods over time Not much incentive to invest |
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Government methods to stimulate growth... |
Monetary Policy- Interest rate changes Fiscal Policy- Tax changes Incentive schemes to increase investment, special allowances to take part |
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Balance of payments information... |
Exports=Imports- BALANCED Exports>Imports- SURPLUS Exports<Imports- DEFICIT |
