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Why do politicians and policy makers try to control the economy?
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Which is not a goal of policy makers pursing to stabilize the economy?
stable productivity
Why GDP figures are important for policy makers?
because it helps to see where the economy is heading
What three main outcomes do policy makers try to achieve when they attempt to stabilize economy?
high employment, steady growth, and stable prices
How do monetary policy control inflation?
Monetary policy can have an impact of inflation. The ideal state of the economy is a balance between inflation and unemployment at 4.3% which is only seen in a wartime economy.
How does japan's government control and regulate the economy?
Japan's government uses Monetary policy and Fiscal policy to regulate the economy. Japan keeps taxation rates low and it also keeps a high level of foreign reserves to control the price of the Yen.
Governmental fiscal policy?
Governments do not influence fiscal policies, only monetary policy - Expansionary fiscal policy, where money is injected into the economy to create activity. - Contractionary fiscal policy, where money is withheld from the economy in the hope to control or even reduce inflation.
What has the author Forrest Capie written?
Forrest Capie has written: 'Policy makers on policy' -- subject(s): Monetary policy 'Structure and performance in Britain banking, 1870-1939' 'The inter-war British economy' -- subject(s): Statistics, Economic conditions
What are three main goals sought by policymakers in the economy?
There are many goals that need to be addressed by policy makers according to the need of the economy. The three goals include development of the economy, controlling inflation and stabilizing price level and decreasing the unemployment rates, by enhancing the welfare plans.
Why are policy makers more concerned about the financial market than other markets such as the automobile or computer markets?
A working financial market is essential for all other sectors of the economy to function.
What is discretionary fiscal policy and built in stabilizer?
built in stabilisers also known as automatic stabilisers/non-discretionary fiscal policy that automatically adjust for cyclical upswing and downswing imbalances in the economy. they are a form of fiscal policy which auto-adjust the economic imbalances without any form of intentional/discretional intervention of policy formulators. this id contrary to the discretionary fiscal policy, which involves active involvment of policy makers through the intentional use of tax and expenditure to regulate the economy.
The key foreign policymakers are?
The key foreign policy makers are?
Define economy policy?
define how you measure the size of the economy
