Economic Policy (Junior Cert Business Studies): Flashcards
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Economic policy definition
Economic policy definition
Govt strategies & actions to influence economy & achieve goals
Main goals of economic policy (4)
Main goals of economic policy (4)
Stable prices, low unemployment, growth, fair distribution
Fiscal policy definition
Fiscal policy definition
Uses taxation & public spending to influence economy
Monetary policy definition
Monetary policy definition
Manages interest rates, money supply & credit conditions
Ireland's monetary policy manager
Ireland's monetary policy manager
Central Bank of Ireland
Project Ireland 2040 total investment
Project Ireland 2040 total investment
€116 billion
Expected population increase by 2040
Expected population increase by 2040
One million people
Project Ireland 2040 new homes target
Project Ireland 2040 new homes target
Half a million new homes
Regional roads investment amount
Regional roads investment amount
€7.3 billion
Additional hospital beds target
Additional hospital beds target
2,600 additional beds nationwide
Investment in new schools
Investment in new schools
€8.4 billion
When only zero-emission cars sold
When only zero-emission cars sold
After 2030
Budget deficit definition
Budget deficit definition
Govt spends more than it collects in taxes
Sale of Goods & Supply of Services Act year
Sale of Goods & Supply of Services Act year
1980
Opportunity cost in govt policy
Opportunity cost in govt policy
Resources used for one policy can't be used elsewhere