Managing the business cycle

One of the government's economic goals is __________ to ensure that the economy grows without harming the environment.

Sustainable and long-last economic growth

Internal balance refers to maintaining __________ and price stability within the economy.

Full employment

A government aims to achieve __________ by promoting a fair and just distribution of economic resources.

Equitable distribution of income and wealth

A key aspect of government roles in the economy is the __________ role, which includes taxation and spending.

Allocation

Progressive taxation is a part of the __________ role of government which aims to redistribute income.

Distribution

The government can stimulate economic activity through __________ fiscal policy which increases expenditure.

Expansionary

Fiscal policy relates to government revenue and __________, influencing economic resource allocation.

Expenditure

In times of economic upswing, the government may employ __________ fiscal policy to reduce demand and control inflation.

Contractionary

Improved standards of living contribute to a government's goal of __________ balance.

External

A government often utilizes __________ policies managed by the RBA to influence economic stability.

Monetary

The stabilization role of government includes managing __________ to influence economic fluctuations.

Fiscal policy

An equitable distribution of income and wealth is indicated by a low __________ co-efficient.

Gini

A stable __________ helps maintain investor confidence and economic predictability.

Exchange rate

Another government goal is to create a __________ trade environment to foster international relations.

Free

Government spending on __________ is crucial for ensuring infrastructure development and public welfare.

Healthcare

A __________ in economic growth can lead to a rise in the standard of living for citizens.

Sustainable increase

The government allocates funds for __________ as part of its role to provide necessary public services.

Education

Income tax brackets are a method used in the __________ role to assist in income redistribution.

Distribution

Healthcare, transport, and infrastructure fall under the government's __________ role in the economy.

Allocation