Briefly explain the main macroeconomic objectives, Microeconomics

Assignment Help:

Briefly explain the main macroeconomic objectives of governments.

Definition of macroeconomic issues

  • Growth

a)      Enhance in national income per unit of time, a flow method

b)      Enables the economy to improve living standards

  • High employment

a)      Percentage of labour force employed

b)      shows utilisation of social factor of production

  • Price stability

a)      steady rate of price enhance; change in CPI/RPI/GDP deflator

b)      Permits predictability and reliability in the economic environment

  • External balance

a)      balance of payments

i) equilibrium in foreign sector trade, i.e. exports and imports

b)      exchange rate

i) stability in external value of currency

 


Related Discussions:- Briefly explain the main macroeconomic objectives

Public good , Graphically illustrate how society decides on the number of p...

Graphically illustrate how society decides on the number of police officers to hire

Direct and indirect benefits, Direct and Indirect Benefits Life time e...

Direct and Indirect Benefits Life time earnings of an educated person is an instance of direct benefit from education. Skills produced in training or extension programmes in a

Price crimination, (ii) Find a real-world example of second-degree price di...

(ii) Find a real-world example of second-degree price discrimination. Describe the important aspects of your example in detail and analyze it using economic theory. In particular,

Effects of price changes, Question 1: Tourism is often seen as a way of...

Question 1: Tourism is often seen as a way of generating income, particularly foreign exchange. The economic spin-off effects are viewed as the most important aspect of touris

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

Diversification, Diversification  - Assume that a firm has a choice of ...

Diversification  - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul

Endowendowment, How to solve questions of endowments?

How to solve questions of endowments?

Continuity and regularity- export strategy , Continuity and Regularity: ...

Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma

Production vs cost - resource flow, With current technology, suppose a firm...

With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd