Aims of Government and Macroeconomic Policies
How can governments achieve the four macroeconomic aims?
The 4 macroeconomic policies that governments are focused on fulfilling are, economic growth, full employment, price stability and stability in balance of payments. Understanding such macroeconomic policies will help students develop a keen understanding of such policies.
Economics Tuition: To what extent is the policy of gradual appreciation of the Singapore Dollar always a desirable approach to maintain economic stability in Singapore?
To what extent is the policy of gradual appreciation of the Singapore Dollar always a desirable approach to maintain economic stability in Singapore? Introduction When an economy seeks to achieve economic stability, the government strives to achieve low inflation rate...
read moreEconomics Tuition: Discuss the extent to which the austerity measures in the EU will have an adverse impact on the Singapore economy
Amidst the slow growth in the EU, the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented 'austerity measures' to reduce their budget deficit by raising taxes and...
read moreEconomics Tuition: Explain what would limit the effectiveness of the austerity measures in the EU
Amidst the slow growth in the EU, the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented 'austerity measures' to reduce their budget deficit by raising taxes and...
read moreEconomics Tuition: The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population
The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population. [12] Introduction Standard of living measures the average quality of...
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