Hey guys, I'm really confused as to how I can incorporate the stimulus (below) in my answer. And what are the main points I must include?
"Macro economic policies impact upon the level of aggregate demand to affect the level of economic activity. Monetary policy involves influencing the level of interest rates in order to improve the achievement of the nation's economic objectives. On the one hand monetary policy aims at maximizing non inflationary economic growth in the Australian economy. On the other hand fiscal policy has changed from focusing on external balance to also focus on internal balance. Originally the focus was to reduce the call of governments on national savings so as to reduce the pressures on the Current Account Deficit and net foreign debt. More recently fiscal policy is focusing on maximizing sustainable economic growth. National saving, while still important, is no the longer the priority it once was." John Bulmer 2010
Analyse the role of macroeconomic policies in achieving economic objectives in Australia.
Any help will be greatly appreciated.
"Macro economic policies impact upon the level of aggregate demand to affect the level of economic activity. Monetary policy involves influencing the level of interest rates in order to improve the achievement of the nation's economic objectives. On the one hand monetary policy aims at maximizing non inflationary economic growth in the Australian economy. On the other hand fiscal policy has changed from focusing on external balance to also focus on internal balance. Originally the focus was to reduce the call of governments on national savings so as to reduce the pressures on the Current Account Deficit and net foreign debt. More recently fiscal policy is focusing on maximizing sustainable economic growth. National saving, while still important, is no the longer the priority it once was." John Bulmer 2010
Analyse the role of macroeconomic policies in achieving economic objectives in Australia.
Any help will be greatly appreciated.