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Evaluating Economic Performance
Ch. 2, Section 2 Evaluating Economic Performance
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Economic and Social Goals
Economic Freedom- ppl can choose occupation, employer, and how to use their money. Businesses choose where and how to prod Economic Efficiency- using resources wisely Economic Equity- protecting us from discrimination and unfair business practices
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Goals (cond) Economic Security- protection from job layoffs, illnesses. Social Security when you retire Full Employment- keeping employment at 95% or higher Price Stability- keep inflation at a minimum; fixed incomes; high interest rates Economic Growth- needed so ppl can have more goods and services
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