Macroeconomic conflicts or trade-offs

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4 Terms

1
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Faster growth

Can fuel demand-pull inflation and widen a deficit on the current account; income inequality may rise if the growth is not inclusive

2
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Low unemployment

can increase real wages and cause cost-push inflation

3
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Policies to reduce inflation

can slow growth and cause unemployment

4
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Reducing government borrowing and national debt

can slow growth and cause living standards to stagnate