Balancing Economic Goals
Understanding that governments often have multiple economic goals (e.g., growth, low inflation, low unemployment) and sometimes these goals conflict.
Key Questions
- Identify common economic goals that governments try to achieve (e.g., stable prices, full employment, economic growth).
- Explain how pursuing one economic goal might make it harder to achieve another (e.g., fast growth might lead to higher inflation).
- Discuss the importance of different government agencies working together to achieve overall economic stability.
MOE Syllabus Outcomes
Suggested Methodologies
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