OCR f585 extract 1 cards

jack.miers
Flashcards by jack.miers, updated more than 1 year ago
jack.miers
Created by jack.miers over 6 years ago
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Main indicators of economic situation in each EU country 1. Rate of growth of real GDP. 2. unemployment rate/employment rate measures as a percentage of the workforce. 3. inflation rate i.e the annual change in consumer. 4. Balance of payments 5. state of government finances/
key roles of national central bank 1. conduct monetary policy- inflation target 2. achieve financial stability- encourage and regulate banks so that lending is safe.
economic re-balancing changing the balance of demand, output and jobs in different parts of the economy.
economic rebalancing examples- 1. rebalancing away from consumption and imports,towards exports and business investment 2.
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