A-LevelEconomicsMacroeconomic ObjectivesMay/June 2017Paper 3 Q301 Mark
The economy of a country is simultaneously experiencing a balance of payments deficit, a budget deficit, demand-pull inflation and unemployment. The government decides to cut personal income taxes. What is most likely to be its main macroeconomic objective? A to improve the balance of payments position B to reduce the budget deficit C to reduce the level of unemployment D to reduce the rate of inflation
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